capital-income ratio and the inheritance flow during the twenti-eth century. The recent differences in inheritance flows have …Inherited wealth has attracted much attention recently, much due to the research by Thomas Piketty (Piketty, 2011; 2014 … historical inheritance flows are only really available for France and to some extent for the U.K. We study the long-run evolution …

In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …

Using data from the Survey of Consumer Finances, this paper updates and extends previous research on the racial wealth … gap in the United States. We explore several hypotheses that help explain differential wealth accumulation by racial … to the literature. We find that observable factors account for the entire wealth gap between white and Hispanic families …

Rising wealth inequality is both a topic in recent policy discussion and in the social sciences. Despite the general … interest in wealth concentration, we know only little about the largest privately held fortunes. To help fill this gap we … and perpetuation of fortunes over many generations is an important feature of top wealth in Germany. …

We study the effect of bequests and their taxation on wealth inequality. We allow for random death and birth in a … continuous-time, dynastic framework. Individuals behave optimally and accumulate wealth over their lifetime. Bequests above a tax … exemption threshold are taxed according to a fixed rate. We derive a stochastic differential equation modeling dynastic wealth …