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This paper is focused on the notion of wealth as used by different authors in different periods of time. The paper … deals with the contrast between the notion of wealth shared by all major classical economists, particularly by Adam Smith … subsequently held by Irving Fisher and other Neoclassical economists(whereby the wealth of an individual is brought to centre stage …
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effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …
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, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality. …
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) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and … education-related differences in the distribution of the two variables and their effects on wealth: As financial literacy rises … become strongly underconfident with higher education, while men remain overconfident. Regarding wealth accumulation, we show …
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