Wealth Inequality: Data and Models. Cagetti, M. & De Nardi, M. Macroeconomic Dynamics, 12(S2):285–313, 2008. Link doi abstract bibtex 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.
@article{CagettiDeNardi2008,
title = {Wealth Inequality: Data and Models},
author = {Cagetti, Marco and De Nardi, Mariacristina},
year = {2008},
journal = {Macroeconomic Dynamics},
volume = {12},
number = {S2},
pages = {285--313},
doi = {10.1017/S1365100507070150},
url = {https://doi.org/10.1017/S1365100507070150},
abstract = {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.},
keywords = {Determinants of Wealth and Wealth Inequality,Methods of Estimation of Wealth Inequality}
}
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