Abbott, Brant; Gallipoli, Giovanni - 2019 - This draft: February 17, 2019
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
