@unpublished{BaselgiaMartinez2023,
  title = {Using Rich Lists to Study the Super-Rich and Top Wealth Inequality: Insights from {{Switzerland}}},
  author = {Baselgia, Enea and Mart{\'i}nez, Isabel Z.},
  year = {2023},
  month = apr,
  url = {https://sites.google.com/view/isabelzmartinez/work-in-progress},
  urldate = {2023-10-17},
  abstract = {We collect, digitize, and supplement Swiss rich lists published in the ``BILANZ'' business magazine since 1989, to gain new insights on the structure and dynamics of top wealth in Switzerland. We show that 60\% of the super-rich are heirs\textemdash a fraction twice as large as in the US, where many super-rich are self-made\textemdash and that wealth mobility at the very top has declined significantly over the past decade. Finally, we estimate the top 0.01\% wealth share. Our results suggest that in Switzerland wealth concentration at the top is likely higher than previous estimates based on wealth tax statistics suggest, highlighting the central role of wealthy expenditure-base taxed foreigners at the very top of the distribution. At the same time, we discuss why top wealth shares based on rich lists likely lead to overestimating wealth inequality\textemdash at least in the Swiss case. While rich lists are a valuable source to study the super-rich, we recommend that researchers use wealth figures from rich lists with caution.},
  keywords = {Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality},
  note = {Unpublished manuscript}
}

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