on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios … wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … processes or utility. Accounting for the value of human capital delivers a different view of inequality: (i) in 2016 the top 10 …

human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …

a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption …Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption …Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …