Housing is the largest capital asset for most families. While the intergenerational mobility literature has extensively studied the income distribution, it has devoted less attention to housing, in part due to data limitations. We document 3 features of intergenerational mobility by comparing...

How does economic growth affect individual wealth accumulation and, thereby, wealth inequality? Combining individual wealth from the Socio-Economic Panel (SOEP) and local GDP growth across 401 German counties, this paper documents a sizable Hometown-Growth-Wealth Nexus. We find that past...

We consider an overlapping generations version of a model suggested by Fargione, Lehmann and Polasky that allows us to show, by means of simulations, that randomness of the rate of return on capital, combined with inheritance of capital and consumption being a concave function of wealth may lead...

The fifth wave of the Austrian HFCS (2023) confirms enduring structural features of household balance sheets: Wealth remains highly concentrated and dominated by owner-occupied housing. Debt is mainly mortgage-based in volume terms and concentrated in higher-income and higher-wealth households....