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We present a new data set we built based on Swiss rich lists going back to 1989. We show, among other things, that 60% of the super-rich are heirs-a fraction twice as large as in the US-and that wealth mobility at the very top has declined significantly. We find that top 0.01% wealth shares are...
Persistent link: https://www.econbiz.de/10014490904
We collect, digitize, and supplement the Swiss rich list for the years 1989-2020 published in the "BILANZ" business magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the super-rich in Switzerland in ways that were not...
Persistent link: https://www.econbiz.de/10013255620
We estimate the ratio of private wealth to national income, βpt, for Switzerland from 1900 to 2020. Our results indicate that over the 20th century, βpt did not follow a U-shaped pattern as in most European countries. Instead, its was exceptionally stable at around 500%. We argue that this...
Persistent link: https://www.econbiz.de/10013384507