2007, Increasing return to savings and wealth inequality

IVIE working papers offer in advance the results of economic research under way in order to encourage a discussion process before sending them to scientific journals for their final publication. * * I wish to thank Per Krusell and Rui Albuquerque for their suggestions during the development of this project. Financial support from the Instituto Valenciano de Investigaciones Economicas (IVIE) is gratefully acknowledged. All remaining errors and inconsistencies are min