used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …

(a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation … differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial … implications of these findings for several strands of the wealth inequality debate. …

different average returns on their net worth (a standard deviation of 8.6%) and on its components. Second, heterogeneity in … heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are correlated … across generations. We discuss the implications of these findings for several strands of the wealth inequality debate. …

standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth … risk exposure and assets scale,it also reflects persistent heterogeneity in sophistication and financial information, as … theimplications of these findings for several strands of the wealth inequality debate …

(a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation … differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial … implications of these findings for several strands of the wealth inequality debate …

percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … discuss the implications of these findings for several strands of the wealth inequality debate …

heterogeneity on macroeconomic outcomes and policies. …

consumption and that the shocks we analyze reduce consumption inequality on impact. …

inequality from 2005 to 2016 at the monthly frequency. We investigate the dynamic relationship between monetary policy and the … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …