Research on wealth inequality and accumulation and the data upon which it relies have
expanded substantially in the twenty-first century. Although the field has experienced rapid …

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 …

How important is human capital at the top of the US income distribution? A primary source of
top income is private “pass-through” business profit, which can include entrepreneurial labor …

The concept of generations has become increasingly important in the social science fields to
explain diverse phenomena affecting organizations. This is especially true in the family …

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 …

The award-winning Black Wealth/White Wealth offers a powerful portrait of racial inequality
based on an analysis of private wealth. Melvin Oliver and Thomas Shapiro's groundbreaking …

This paper is concerned with the theory of saving when consumers are not permitted to
borrow, and with the ability of such a theory to account for some of the stylized facts of saving …

One theory of the determinants of individual and national thrift has come to be known as the
life cycle hypothesis of saving. The state of the art on the eve of the formulation of 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 …