Why is wealth so concentrated in the United States? In this paper, I investigate the role of return heterogeneity as a source of wealth inequality. Using household-level data from the Survey of Consumer Finances (1989-2019), I provide new empirical evidence on returns to wealth in the United...

With interest rates at the zero lower bound, central banks resort to unconventional methods to fuel the economy, such as Quantitative Easing (QE). Since QE has become widely used over the past decade, we examine for any possible adverse effects it can have on wealth inequality, measured as the...

"Imperial Inequalities takes Western European empires and their legacies as the explicit starting point for discussion of issues of taxation and welfare. In doing so, it addresses the institutional and fiscal processes involved in modes of extraction, taxation, and the hierarchies of welfare...