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% of the super-rich are heirs-a fraction twice as large as in the US-and that wealth mobility at the very top has declined … significantly. We find that top 0.01% wealth shares are higher than previous estimates based on wealth tax statistics suggest. At … the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to …
Persistent link: https://www.econbiz.de/10014490904
magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the … distinctive contributions to the literature. First, we present a number of new facts on the wealth elite in Switzerland. We show … dataset to estimate the wealth shares of the top 0.01% in Switzerland and show how they compare to earlier estimates by Föllmi …
Persistent link: https://www.econbiz.de/10012887591
magazine to gain new insights on the structure and dynamics of top wealth in Switzerland. Using this data allows us study the … literature. First, we present a number of new facts on the wealth elite in Switzerland. We show that about 60% of the super … the top 0.01% in Switzerland and show how they compare to earlier estimates by Föllmi and Martínez (2017) based on wealth …
Persistent link: https://www.econbiz.de/10013255620
Persistent link: https://www.econbiz.de/10010438912
Persistent link: https://www.econbiz.de/10011569673
Rising wealth inequality is both a topic in recent policy discussion and in the social sciences. Despite the general … interest in wealth concentration, we know only little about the largest privately held fortunes. To help fill this gap we … and perpetuation of fortunes over many generations is an important feature of top wealth in Germany. …
Persistent link: https://www.econbiz.de/10014305189
Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows … in proportion to national income. Then, we present novel estimates of wealth concentration between 1863 and 1914 …
Persistent link: https://www.econbiz.de/10014439450
Persistent link: https://www.econbiz.de/10011412894
Persistent link: https://www.econbiz.de/10014511669
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate …
Persistent link: https://www.econbiz.de/10014564314