evidence that wealth is heavily concentrated at the upper tail of the wealth distribution. A commonly cited number for the US … is that 1 percent of the households hold 30 percent of total household wealth. I investigate the reliability of upper … tail wealth estimates from household wealth surveys in the presence of survey differential non-response, i.e. the fact that …

We calibrate an incomplete markets large scale OLG model to the US income and wealth distribution and examine the … the government should hold negative debt. Due to the high degree of wealth and income dispersion ex ante lifetime utility … debt, high income/wealth agents are always worse off. Adjusting transfers benefits the lowest income/wealth group. The …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys …. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth … assets, except in the top of the wealth distribution. Consumption is less sensitive to the value of the main residence than …

wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …

Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities …. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter … households despite their similar incomes. The average (median) net wealth difference is estimated to be €367,000 (€129,000) and …

We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes ….We find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals … with similar wealth rank histories using agglomerative hierarchical clustering, a tool from statistical learning. The …

, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … these households have considerably higher net wealth than those which did not inherit. Second, regression analyses on … households' relative wealth position show that, on average, having received an inheritance lifts a household by about 14 net …

This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …

We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their … country of residence ("natives") vs. those born in other EU and non- EU countries ("immigrants"). The differences in wealth … natives and hold roughly 60% less net wealth. For all variables, only a small fraction of differences between natives and …

dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we … how the shock is distributed across categories of households (e.g., low-wealth versus high-wealth households). …