the model matches the rise in urban China’s wealth inequality since 1995 almost exactly. We further quantify the relative …We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early … wealth, whereas the majority working class, partly due to limited investment available from an underdeveloped financial …

Inherited wealth has attracted much attention recently, much due to the research by Thomas Piketty (Piketty, 2011; 2014 … historical inheritance flows are only really available for France and to some extent for the U.K. We study the long-run evolution … of inherited wealth in Sweden over the past two hundred years. The trends in Sweden are similar to those in France and …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …

economic development. Although contemporary inequality is much lower than early 20th-century figures, the 'real' wealth of …Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows …

wealth, such as tax policy and bankruptcy law, affect risky investment decisions at the top of the wealth distribution in …We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel …

In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …