utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … that the introduction of a wealth tax as suggested by Piketty could neutralize this rise in wealth concentration predicted …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … that the introduction of a wealth tax as suggested by Piketty could neutralize this rise in wealth concentration predicted …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …

, consumption, and wealth to answer the question: is intergenerational mobility similar across the three resource measures? Absolute … mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation …, or lowest relative mobility, followed closely by consumption. Wealth exhibits much lower relative mobility. We also look …