Why are some people wealthy while others are poor? To what extent can governments affect
inequality? Which instruments should they use? Answering these questions requires …

The increase in economic disparities over the past 30 years has prompted extensive
research on the causes and consequences of inequality both in the United States and, more …

Invariably, across a cross-section of countries and time periods, wealth distributions are
skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth …

Relying on comprehensive measures of financial knowledge, we provide evidence of a
strong positive association between financial literacy and net worth, even after controlling for …

Americans may be more narcissistic now than ever, but narcissism is not evenly distributed
across social strata. Five studies demonstrated that higher social class is associated with …

Differential unit non‐response in household wealth surveys biases estimates of top tail
wealth shares downward. Using Monte Carlo evidence, I show that adding only a few …

This paper constructs and calibrates a parsimonious model of occupational choice that
allows for entrepreneurial entry, exit, and investment decisions in the presence of borrowing …

This article attempts to document and account for the long-run evolution of inheritance. We
find that in a country like France the annual flow of inheritance was about 20–25% of …

We study the dynamics of the distribution of wealth in an overlapping generation economy
with finitely lived agents and intergenerational transmission of wealth. Financial markets are …

I discuss available evidence about the evolution of top wealth shares in the United States
over the course of the 20th century. The three main approaches—the Survey of Consumer …