Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings … significantly, with the greatest influence on the wealth of young individuals. However, its influence on the aggregate stock of … wealth is less than earlier theoretical work indicates …

"We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …

We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …

We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …

How corrupt is Congress? We provide an indirect test by comparing wealth accumulation among U.S. House members and the … public. Using wealth data from representatives’ Personal Financial Disclosure forms and from the Panel Study of Income … Dynamics, we examine whether representatives accumulate wealth faster than expected. To do so, we first use difference …