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 …

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 …

drastically after this point. They also apply a new instrument, changes in house prices, for wealth in the entry equation, and … show that instrumented wealth is not a significant determinant of entry. We reinterpret these findings: first, we …

banks collect such information through income and wealth surveys, which are often used to inform their decisions. These …

Underreporting and undersampling biases in top tail wealth, although widely acknowledged, have not been statistically …-like regimes in top tail wealth to derive analytical expressions for these biases, and employ German microdata from a popular … survey and rich list to illustrate that tiny differences in non-response rates lead to tail wealth estimates that differ by …