Where Does Wealth Come From

摘要: Much attention has been given to rising wealth inequality in recent decades. However, understanding requires an of how relates the potential individual could accumulate and where this comes from. Using administrative data from Norway, we create measures that abstract differential consumption spending behavior. We then examine these relate observed net individuals at a point time role played by different sources distribution wealth. find is reasonable proxy for wealth, particularly tails distribution. Importantly, people parts (or actual wealth) get their very sources. Labor income most important determinant except among top 1%, capital gains on financial assets become important. Inheritances gifts are not even Finally, although inheritances important, parental does influence child’s wealth; children wealthy parents than less parents.