In the 1950s, Hannah Arendt wrote that the modern world faced a crisis of authority because authority had 'vanished … from the modern world' (Hannah Arendt. 'What Is Authority?' Between Past and Future. Penguin: New York,1968. P. 91). Most … scholars take Arendt to be lamenting the loss of a republican and conservative notion of authority. In this essay, I agree that …

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. …

How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation … in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental …

This paper analyzes the short-run dynamics and changing sources of wealth among the Forbes 400 list of the wealthiest … the entire time period the growth of wealth was negatively related to the previous years' wealth, implying a slight degree … of wealth convergence within the group. We find that the overall growth of the group's wealth slowed after the crisis but …

We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …