Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which … wealth inequality can help us to understand and quantify the determinants of the outcomes that we observe in the data and to … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …

wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …

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 …