Lersch Lab

German Institute for Economic Research

Berlin (DE3) · Germany

ERC-funded
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ERC Consolidator Grant · 2023

Understanding Trajectories of Wealth Accumulation and Their Variability

WEALTHTRAJECT is the first project to comprehensively and systematically examine diversity in long-term trajectories of wealth accumulation within and between social groups. Wealth inequality is on the rise in many affluent societies. It is time to move beyond prevailing static snapshots of average wealth inequality between people to understand this trend. Instead, a dynamic perspective on wealth changes experienced by people over their lifetimes is needed. This dynamic perspective reveals how diverse the trajectories of wealth accumulation are, i.e., the degree of trajectory variability. WEALTHTRAJECT integrates disconnected strands of literature to study how variability in trajectories…

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