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, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows …, wealth concentration in Italy was in line with the highest levels ever recorded since the late Middle Ages. Contrary to the … evidence of declining income inequality in the period -traditionally considered the industrial 'take-off' phase of Italy- we …
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This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …
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In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …
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