novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … share of their wealth in their own businesses when they are more willing to take risks. These associations are stronger …

novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … share of their wealth in their own businesses when they are more willing to take risks. These associations are stronger …

do so, we use novel survey data from the top of the wealth distribution, which have been fully integrated into the 2019 … German Socio-economic Panel Study. The data include private wealth balance sheets, in particular the value of own private … and invest a larger share of their wealth in their own businesses when they are more willing to take risks. A comparison …

We embed an experiment in a large-scale representative survey to investigate how relative wealth affects risk … their relative wealth as low display more tolerance towards risk in a subsequent incentivized risk-taking task. This effect …

represented by an increasing and convex function of income/wealth. A parsimonious model fitted to the data shows why background …

investment behaviors in ways that ultimately shape income and wealth distributions. Arrow's Decreasing Absolute Risk Aversion …

specialization of the production function. The model matches well the statistics on income and wealth inequality, and the patterns of … task encroaching on income and wealth inequality. We apply the model to the pandemic recession by adding an SIR block with …