Skewed Wealth Distributions: Theory and Empirics. Benhabib, J.; Bisin, A.; Durlauf, S.; Fernandez, R.; Guiso, L.; Luo, M.; Moll, B.; Piketty, T.; Zhu, S.; and Zucman, G. Technical Report
Skewed Wealth Distributions: Theory and Empirics [pdf]Paper  Skewed Wealth Distributions: Theory and Empirics [link]Website  abstract   bibtex   
Invariably across a cross-section of countries and time periods, wealth distributions are skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth shares. In this survey we categorize the theoretical studies on the distribution of wealth in terms of the underlying economic mechanism generating skewness and thick tails. Further, we show how these mechanisms can be micro-founded by the consumption-saving decisions of rational agents in speci…c economic and demographic environments. Finally we map the large empirical work on the wealth distribution to its theoretical underpinning.
@techreport{
 title = {Skewed Wealth Distributions: Theory and Empirics},
 type = {techreport},
 keywords = {E21,E24,Wealth distribution; wealth inequality JEL Numbers: E13},
 websites = {http://www.quotecounterquote.com/2009/11/rich-},
 id = {094e72c9-314f-3bdf-84f9-f79292e75862},
 created = {2019-07-18T15:53:55.971Z},
 accessed = {2019-07-18},
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 abstract = {Invariably across a cross-section of countries and time periods, wealth distributions are skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth shares. In this survey we categorize the theoretical studies on the distribution of wealth in terms of the underlying economic mechanism generating skewness and thick tails. Further, we show how these mechanisms can be micro-founded by the consumption-saving decisions of rational agents in speci…c economic and demographic environments. Finally we map the large empirical work on the wealth distribution to its theoretical underpinning.},
 bibtype = {techreport},
 author = {Benhabib, Jess and Bisin, Alberto and Durlauf, Steven and Fernandez, Raquel and Guiso, Luigi and Luo, Mi and Moll, Ben and Piketty, Thomas and Zhu, Shenghao and Zucman, Gabriel}
}
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