The racial wealth gap is the largest of the economic disparities between Black and white
Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most …

Downward pressure on the natural rate of interest (r*) is often attributed to an increase in
saving. This study uses microeconomic data from the SCF+ to explore the relative …

Transfers from parents—either in the form of gifts or inheritances—have received much
attention as a source of inequality. This paper uses administrative data for the population of …

We use a sufficient statistic approach to quantify the general equilibrium effects of population
aging on wealth accumulation, expected asset returns, and global imbalances. Combining …

In this paper, we use comprehensive administrative data on the population of Norway to
create a measure of lifetime resources, which generates several stylized facts. First, lifetime …

The racial wealth gap is the largest of the economic gaps between Black and white
Americans, with a white-to-Black average wealth ratio of of 6 to 1 in 2019. Further, the gap …

Using a nationally representative panel of consumer credit records for the US from 1999 to
2021, we document a positive correlation between child and parent homeownership. We …

Evidence shows strong associations in wealth across generations, yet the underlying
mechanisms are not fully understood. Some studies attribute these associations to direct …

The racial wealth gap is the largest of the economic disparities between Black and white
Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most …

Single women invest less in risky assets than do single men. This paper analyzes the
determinants of the “gender investment gap” based on a structural life-cycle framework. The …