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 …

What is the relationship between inequality and growth? This question has occupied and
fascinated social scientists for more than a century. This article critically reviews the recent …

We study trends and drivers of long-run stock market growth in 17 advanced economies.
Between 1870 and the 1980s, stock market capitalization grew in line with GDP. But over …

This paper studies the interaction between the long-term dynamics of aggregate household
wealth and the wealth distribution in Europe and the United States. We do so by building the …

Business cycle dynamics shape the wealth distribution through asset price changes, saving
responses, or a combination of both. This paper studies the implications of housing booms …

German history over the past 125 years has been turbulent. Marked by two world wars,
revolutions and major regime changes, as well as a hyperinflation and three currency …

We show that wealth inequality in the UK is high and has increased slightly over the past
decade as financial asset prices have increased in the wake of the financial crisis. But data …

We study the effects of decentralized wealth taxation on mobility and the effectiveness of tax
coordination at mitigating tax competition. We exploit the reintroduction of the Spanish …

We study the history and geography of wealth accumulation in the US, using newly collected
historical property tax records since the early 1800s. The US General Property Tax was a …

The study revisits trends and drivers of wealth inequality and accumulation since the onset
of industrialization. Empirical analysis reveals that Western countries are both wealthier and …