Capital market theory predicts that the wealth distribution should affect interest rates. This Paper empirically … analyses the relationship between the wealth distribution and interest rates in the US. We use data on wealth inequality from … various sources. Measures of wealth inequality are linked positively to the real commercial paper rate and to the real rate on …

-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We …

Capital market theory predicts that the wealth distribution of an economy affects real interest rates. This paper … empirically analyzes this relationship for the US, the UK and Sweden. We obtain that measures of wealth inequality are positively …

In most industrialized economies, financial wealth is distributed far more unequally than income. According to Wolff …. However, when wealth is distributed too unequally, capacity cannot match consumer needs. I present some first experimental …

We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …

This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the … capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the … "savers" or "self-made men" (whose wealth is larger than the capitalized value of their inherited wealth, i.e. who consumed …

We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in …

How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth …

This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and … inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …, the long run magnitude and concentration of wealth and inheritance are an increasing function of r — g, where r is the net …