This chapter surveys the literature on the macroeconomic effects of government debt. It
begins by discussing the data on debt and deficits, including the historical time series …

Research indicates that positions of very high private wealth can often be maintained by
families over many generations. This article puts front and center the institutions …

Over the past 15 years, the availability of cheap and convenient microcomputers has
changed the collection methods and analysis of household survey data in developing …

We present a qualitative and quantitative analysis of the standard growth model modified to
include precautionary saving motives and liquidity constraints. We address the impact on the …

In recent years there has been a lot of discussion about US budget deficits. Many
economists and other observers have viewed these deficits as harmful to the US and world …

This book provides an overview of recent research on saving and consumption, a field in
which substantial progress has been made over the last decade. Economists attempting to …

The definitive textbook on public finance—now back in print for the first time in years This
classic introduction to public finance remains the best advanced-level textbook on the …

There are four sets of questions that fiscal indicators can help answer:(1) Of the changes in
the fiscal position, what part is due to changes in the economic environment and what part is …

This study estimates intergenerational wealth correlations across up to four generations and
examines the degree to which the wealth association between parents and children can be …

This chapter offers an overview of the empirical and theoretical research on the long-run
evolution of wealth and inheritance. Wealth–income ratios, inherited wealth, and wealth …