This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …

group. While a negative wealth effect on saving could have been expected, households amortized even more in response to the …

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 …

for and control over the accumulation and use of savings for retirement. …