the islamic economic system, in order to implement justice and prevent the emergence of wide gaps among social classes, prohibits wealth accumulation (iktinaz), and the holy qur'an explicitly promises punishment for it. many fughaha and commentators of the holy qur'an maintain that the forbidden iktinaz only is established by accumulating wealth and avoidance of paying its zakat. howe...

Why do some dynasties maintain the fortune of their founders while others completely squander it in few generations? To address this question, we use a simple deterministic microfounded model based on two main elements: the “hunger for accumulation” and the “willingness to exert effort”. Contrary to models with capital market imperfections, our setting points to the crucial role of our two key ...

It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families, and that children raised in owned housing are likely to be more successful well-adjusted members of society. This paper employs the Panel Study of Income Dynamics and a dynamic estimating technique to examine the effect of...

Research on wealth inequality and accumulation and the data upon which it relies have expanded substantially in the twenty-first century. While the field has experienced rapid growth, conceptual and methodological challenges remain. We begin by discussing two major unresolved methodological concerns facing wealth research: how to address challenges to causal inference posed by wealth's cumulati...