Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …

Is the top tail of wealth a set of fixed individuals or is there substantial turnover? We estimate upper-tail wealth … dynamics during the Gilded Age and beyond, a time of rapid wealth accumulation and concentration in the late 19th and early 20 …th centuries. Using various wealth proxies and data tracking tens of millions of individuals, we find that most extremely …

, households' price elasticities of demand endogenously vary with wealth. Heterogeneous firms set their price as oligopolistic …

The Asset and Health Dynamics Among the Oldest Old (AHEAD) study shows a large increase in reported total wealth … were under-reported, resulting in under-measurement of wealth in 1993, and a substantial increase in wealth from 1993 to …

This article studies the optimal use of fines and imprisonment when an offender's level of wealth is private … information that cannot be observed by the enforcement authority. In a model in which there are two levels of wealth, I derive the … optimal alternative imprisonment sentence is sufficiently high that high-wealth individuals prefer to pay a fine exceeding the …

This article studies optimal fines when an offender's wealth is private information that can be obtained by the … misrepresenting one's wealth level, and the optimal audit probability. I demonstrate that the optimal fine for misrepresenting wealth … fine for the offense who misrepresent their wealth levels. I also show that the optimal fine for the offense results in …

How significant are individual differences in self-control? Do these differences impact wealth accumulation? From where … impede wealth accumulation, particularly in liquid form. Problems of under-consumption have the opposite effects. 3.Self …

This paper presents new homogeneous series on top wealth shares from 1916 to 2000 in the United States using estate tax … return data. Top wealth shares were very high at the beginning of the period but have been hit sharply by the Great … wealth shares recovered in the early 1980s, but they are still much lower in 2000 than in the early decades of the century …

Prior literature on asset patterns among the elderly often overlooks housing wealth as a determinant of retiree wealth …