Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296082 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 10993
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We present a new data set we built based on Swiss rich lists going back to 1989. We show, among other things, that 60% of the super-rich are heirs—a fraction twice as large as in the US—and that wealth mobility at the very top has declined significantly. We find that top 0.01% wealth shares are higher than previous estimates based on wealth tax statistics suggest. At the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to study the super-rich, we recommend to use reported wealth figures with caution.
Subjects: 
super-rich
wealth inequality
inheritances
wealth mobility
JEL: 
C81
D31
D64
J62
Document Type: 
Working Paper
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