Wealth Inequality

In this post, Max Longmuir reflects on his time as a Stone Center postdoctoral scholar, his work on the GC Wealth Project and other studies, and why some initial ideas wound up in his “project cemetery.”

G. Alfani, M. Di Tullio, and M. Fochesato. Stone Center Working Paper Series. no. 108. 2025.

B. Castro Nofal, I. Flores, and P. Gutiérrez Cubillos. Stone Center Working Paper Series. no. 107. 2025.

S. Morelli, B. Nolan, J.C. Palomino, and P. Van Kerm. Journal of Public Economics. vol 247. 2025.

Salvatore Morelli, whose research was cited by The Economist in a recent article on the “return of inheritocracy,” discusses the surge in inherited wealth, what this means for wealth inequality, and potential solutions for the negative effects of the ongoing Great Wealth Transfer.

S. Morelli, T. Asher, F. Di Biase, F. Disslbacher, I. Flores, L. Giangregorio, A. Rego Johnson, M. Longmuir, G. Rella, M. Schechtl, F. Subioli, and M. Targa. Stone Center Working Paper Series. no 99. 2024.

G. Alfani and S. Sardone. Stone Center Working Paper. no. 95. 2024.

S. Morelli, B. Nolan, J. C. Palomino, and P. Van Kerm. Stone Center Working Paper. no. 94. 2024.

P. Fessler and S. Rapp. Stone Center Working Paper. no. 92. 2024.

A new working paper by Pirmin Fessler of the Austrian National Bank (OeNB) and Stone Center Postdoctoral Scholar Severin Rapp analyzes the connection between individuals’ biased perceptions of their rank on the wealth distribution, and their savings behavior.