Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...

La 4e de couv. indique : "La question des règles budgétaires occupe une place de plus en plus importante dans les débats portant sur la politique budgétaire. La montée de l'endettement public dans un grand nombre de pays, la mise en place de l'Union économique et monétaire, ainsi que...

This study presents a new database, the Swedish National Wealth Database (SNWD), which contains annual data on private, public and national wealth and sectoral saving rates in Sweden over the past two centuries. The paper reviews previous investigations of national wealth, compares their...