We describe a simple method to obtain kindred stationary densities of random Markov processes with respect to an Ito transformation function. As applied to income and wealth densities, they are akin to one another because they share the income growth and income volatility shape parameters. The...

This paper studies the stationary distribution of wealth by using a basic economic model encompassing saving, investment, occupational choice, an imperfect credit market, entrepreneurial abilities, and intergenerational wealth mobilities. It implies that persistent wealth inequality depends on...