• Why Are the Wealthiest So Wealthy? A Longitudinal Empirical Investigation 

      Ozkan, Serdar; Hubmer, Joachim; Salgado, Sergio; Halvorsen, Elin (HOFIMAR Working Paper Series;7/2023, Working paper, 2023)
      We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth dynamics, focusing on the wealthiest households. On average, the wealthiest start their lives substantially ...