Wealth Inequality: Data and Models

In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth inequality is a challenge for many economic models. We summarize some key facts about the wealth distribution and what economic models have been able to explain so far.

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Year of publication:	2006-10
Authors:	De Nardi, Mariacristina ; Cagetti, Marco
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	PE published as Cagetti, Marco & De Nardi, Mariacristina, 2008. "Wealth Inequality: Data And Models," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 285-313, September. Number 12550
Classification:	D3 - Distribution ; D58 - Computable and Other Applied General Equilibrium Models ; D64 - Altruism ; E2 - Consumption, Saving, Production, Employment, and Investment ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; E23 - Production ; H0 - Public Economics. General ; H31 - Household
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005088591