• Heterogeneity and Persistence in Returns to Wealth 

      Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; Pistaferri, Luigi (Peer reviewed; Journal article, 2020)
      We provide a systematic analysis of the properties of individual returns to wealth using 12 years of population data from Norway's administrative tax records. We document a number of novel results. First, individuals earn ...
    • Housing wealth in Norway, 1993–2015 

      Fagereng, Andreas; Holm, Martin Blomhoff; Torstensen, Kjersti Næss (Journal article; Peer reviewed, 2020)
      We provide a new estimate of household-level housing wealth in Norway between 1993 and 2015 using an ensemble machine learning method on housing transaction data. The new housing wealth measure is an improvement over ...
    • MPC Heterogeneity and Household Balance Sheets 

      Fagereng, Andreas; Holm, Martin Blomhoff; Natvik, Gisle James (Journal article; Peer reviewed, 2020)
      We use sizable lottery prizes in Norwegian administrative panel data to explore how transitory income shocks are spent and saved over time, and how households’ marginal propensities to consume (MPCs) vary with household ...
    • Why Do Wealthy Parents Have Wealthy Children? 

      Fagereng, Andreas; Mogstad, Magne; Rønning, Marte (Journal article; Peer reviewed, 2020)
      We show that family background matters significantly for children’s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents raising them. The ...
    • Why Do Wealthy Parents Have Wealthy Children? 

      Fagereng, Andreas; Mogstad, Magne; Rønning, Marte (Journal article; Peer reviewed, 2021)
      We show that family background matters significantly for children’s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents raising them. The ...