declines in housing wealth, but who were employed at the same firm and lived in the same area at the onset of the 2008 crisis …. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …

In the Wealth of Nations, Adam Smith argues that a country's national income depends on its labor productivity, which …

the data and better fits the savings of the households at the bottom 60% of the wealth distribution …

relevant waves of the Health and Retirement Study (1996-2010), we exploit the exogenous variation in the form of wealth shocks … resulting from the value of housing assets, to examine the effect of wealth on use of home health, unpaid help and nursing home … not affected by the housing wealth changes. The findings suggest that a wealth shock exerts a positive and significant …

This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high …-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the … benchmark estimates, the wealth held offshore by rich Russians is about three times larger than official net foreign reserves …

formulae describing the equilibrium fraction of wealth held by life-cycle savers. Using these formulae, we ascertain the … their share in national wealth are reduced. If the government invests the proceeds, the share of capital owned by life cycle … savers and capitalists, in a model in which all individuals have identical non-linear savings functions. When wealth is low …

This paper investigates the determination of the equilibrium distribution of income and wealth among individuals within … and policy variables. Among the key results are: (i) The magnitude of wealth inequality does not, in general depend on the … public investment, wealth inequality may be reduced the well-being of workers may be increased …

entailing movements in factor returns and shares and the wealth-income ratio. Standard data on savings cannot be reconciled with … the increase in the wealth-income ratio: there is a wealth residual. An important component of this is associated with … “wealth” are distinct, we show that appropriately defined aggregates for wealth may be (and in the case of some countries …