This paper proposes a dynamic economic model with wealth accumulation and human capital accumulation. The economic system consists of one production sector and one education sector. We take account of three ways of improving human capital: learning by producing, learning by education, and learning by consuming. The model describes a dynamic interdependence between wealth accumulation, human cap...

This study uses data from the Panel Study of Income Dynamics to examine whether selfregulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who had sufficient self-regulation to regularly eat meals together with their family, increased wealth at a...

The annual Forbes magazine’s lists of the wealthiest individuals in world are a widely used source data about dynamics wealth concentration. They complement estimates global and national concentration published annually by Credit Suisse Bank World Inequality Database. Both sources enable analysis accumulation. This paper seeks to assess degree which political–institutional forces as opposed mar...

The private pension structure in the United States, once dominated by defined benefit (DB) plans, is currently divided between defined contribution (DC) and DB plans. Wealth accumulation in DC plans depends on the participant's contribution behavior and on financial market returns, while accumulation in DB plans is sensitive to a participant's labor market experience and to plan parameters. Thi...

This paper examines the issue of the Black-White wealth gap in the United States. The paper presents pertinent data illustrating that a large gap exists in wealth accumulation between Black and Whites in the United States. The paper presents a number of implications for the Black American population as a result of this large wealth gap. Finally, the paper presents the factors or causes of the l...

This paper investigates some major changes in the wealth distribution in China using the data from two national household surveys conducted in 1995 and 2002. The surveys collected rich information on household wealth and its components, enabling a detailed analysis of changes in wealth distribution among Chinese households. Our analysis indicates that the wealth distribution in China as a whole...

In a world where financial capital serves as the backbone of individual and societal economic health, understanding mechanisms that can stimulate or hinder its accumulation is critical. This study explores how accessibility banking services integration digital finance influence wealth, well disparities in household savings. Drawing on data derived from Finscope Consumer Survey for Togo 2016 Har...