If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …

discuss the implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and …

. Given initial racial wealth inequality in 1962, our model attributes the slow convergence of the racial wealth gap primarily …We reconcile the large and persistent racial wealth gap with the smaller racial earnings gap, using a general … equilibrium heterogeneous-agents model that matches racial differences in earnings, wealth, bequests, and returns to savings …

, each factor, along with a history of racism and discrimination has contributed to the extreme wealth inequality in America … other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial … between Black households and White households. While none of the economic factors listed fully explains the racial wealth gap …

across generations. We discuss the implications of these findings for several strands of the wealth inequality debate. …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are …

less wealth. …

theimplications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth …

implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …

Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being in permanent … negative shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as …

Although older generations have substantially more wealth than their recent predecessors did at the same age, younger … circumstances can rationalise slowing generation-on-generation wealth growth. I find no evidence that later-born generations are less … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …