Preferences over wealth can explain why households do not spend more when real interest rates fall, because they save … more than optimal under a standard model. However, little is known about preferences over wealth empirically. We run an … wealth, consistent with wealth entering the utility function directly. …

Using new long-run microdata, this paper studies wealth and income trends of college and noncollege households in the … United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is … considerably larger than the college income premium. Over the past four decades, the wealth of American households with a …

This paper is the first to compare global trends in income and wealth inequality this century. It is based on large … income and wealth microdata samples designed to be representative of all countries in the world. Measured by the Gini … one half - of wealth inequality. Broadly similar results are found for different years and different inequality indices …

from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …