This article argues that a satisfactory theory of wealth inequality should account not only for the marginal distribution of wealth, but also for the joint distribution of wealth and earnings. The article describes the joint distribution of retirement wealth and lifetime earnings in the Panel...

The economic performance of U.S. immigrants differs substantially from that of natives in ways that pose difficulties for standard theories of migration. In particular, immigrants cluster geographically and are often employed together. Immigrant earnings differ by origin and time spent in the...