of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …We characterize the distribution of permanent-income and quantify the value of assets and human capital in lifetime …

human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … net worth overstate welfare inequality. This is largely due to the unaccounted value of future earnings, which we call …

of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income … discussion of the results of empirical analysis, has preferred to focus on income inequality. This paper looks into the analysis … distributions. The paper focuses on the measurement of inequality itself and includes an application to European data on wealth. We …

This paper analyzes the microeconomic sources of wage inequality in the United States from 1967-2012. Decomposing … inequality into factors categorized by degree of personal responsibility, we find that education is able to explain more than … twice as much of inequality today as 45 years ago. However, neither hours worked nor education, industry, marital status, or …