data, we can neatly describe the heterogeneity across all parts of the distribution of wealth. We find compelling evidence … undocumented channel through which wealth inequality reinforces itself …

This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income … the Solow growth model. In this framework, the co-movement of top wealth and income shares is determined by the relative …-movement between top wealth and income shares over the past century …

other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial … between Black households and White households. While none of the economic factors listed fully explains the racial wealth gap …, each factor, along with a history of racism and discrimination has contributed to the extreme wealth inequality in America …

This paper examines the association between stock market return expectations and financial wealth holdings of older … of positive stock market return were positively associated with greater financial wealth holdings among households. Our … financial wealth holdings of households. African Americans, Hispanics, and other races were negatively associated with the …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

affects job search behavior. We look at the effect of wealth at the entry into unemployment on the exit rate from unemployment … and illiquid parts, but also to decompose each of them into assets and liabilities. The decomposition of wealth into these … four components is key to understanding how wealth affects job finding rates. In particular, we show that liquid assets …