We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital …

Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …

We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital …