It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it … the number of households possessing a net wealth greater than four million Euros as well as their aggregate wealth … suggest that the alleged non-observation bias is considerable, accounting for about one quarter of total net wealth. The …

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 considers a parametric model for the joint distribution of income and wealth. The model is used to analyze … income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence … parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of …

differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth …This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …

differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth …This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …

of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income … distributions. The paper focuses on the measurement of inequality itself and includes an application to European data on wealth. We …, grounding their use in socio-economic theory and highlighting the connections between them. In particular, we investigate how …

Taxation of capital income and wealth designed to redistribute from the rich may harm small open economies with a … globalized capital market as investments are distorted. This study shows that raising tax revenue by taxing wealth is less costly … wealth. The explanation is that a recidence based tax on wealth collects tax revenue from wealthy investors without …

Taxation of capital income and wealth redistributes from the rich but may harm the Norwegian economy as business … wealth. A wealth tax without a discount for working capital combined with a tax rate on ordinary income equal to the …