We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …

The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts … accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …

States to four other rich countries: the United Kingdom, Germany, Italy, and Sweden. These countries constitute an … they have very different patterns of private wealth holding. Using the Luxembourg Wealth Study (LWS) which contains … harmonized wealth micro-datasets from a number of industrialized countries, we analyze the income and wealth packages of older …

of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …