-diversified, since they own relatively small amounts of financial wealth and hold a few types of financial assets. Furthermore, risky … likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …

The paper analyzes the relationship between income shares, wealth and growth in an environment where positional goods … are taken into account and rent is generated. This hypothesis, which is a macro engine for inequality, creates a gap … between profit share and property share and implies a clear-cut distinction between capital and wealth. The interactions …

wealth might therefore exacerbate the consequences of labor market inequality. … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e …