@article{Benhabibetal2015,
  title = {The Wealth Distribution in Bewley Economies with Capital Income Risk},
  author = {Benhabib, Jess and Bisin, Alberto and Zhu, Shenghao},
  year = {2015},
  journal = {Journal of Economic Theory},
  volume = {159},
  pages = {489--515},
  doi = {10.1016/j.jet.2015.07.013},
  url = {https://doi.org/10.1016/j.jet.2015.07.013},
  abstract = {We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail.},
  keywords = {Determinants of Wealth and Wealth Inequality}
}

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