deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …

This paper estimates the distribution of personal wealth in South Africa by combining tax microdata, household surveys …, and macroeconomic balance sheet statistics. We systematically compare estimates of the wealth distribution obtained by … direct measurement of net worth, rescaling of reported wealth to balance sheet totals, and capitalization of income flows. We …

, this paper analyzes the effects of participation in Riester plans on wealth at different points of the distribution. We … substantial heterogeneity in the effect of Riester participation on wealth. While Riester participation increases total net wealth …

their wealth ownership. Using data from the Household Finance and Consumption Survey (HFCS), we document a positive average … migrant wealth gap between migrant and native households. However, the raw gap is almost negligible for second generation … migrant households, whereas it rises across the unconditional net wealth distribution for first generation migrant households …

In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This … the economy. This shock can simultaneously match the increase in wealth concentration and the decrease of the saving rate …

The increase of wealth inequality in many EU countries has spurred interest in wealth taxation. While taxes on wealth … arguments are brought forward in favour of (higher) wealth taxation. At the same time, tax competition has led to an almost … complete disappearance of recurrent net wealth taxes in Europe. By dealing with non- and under-reporting in the Household and …