Wealth Inequality and Mobility - Evidence from the Forbes World Billionaires List
The paper analyses data from the “Forbes World Billionaires List” from 1996 to 2015. Decomposing the sample finds, that inherited wealth exhibits higher levels of inequality than self-made wealth. Overall inequality decreases and the inequality level of the self-made subgroup converges to the one of inherited wealth. In addition, self-made billionaires also experience higher social mobility. Howev
