We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax reco

Theoretical and empirical analysis of the structure of household portfolios.

We document in US data that returns to wealth across households are significantly heterogeneous, and persistently so. Motivated by this observation, we build a

Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However

Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.