Accounting for the U.S. Earnings and Wealth Inequality. Castañeda, A., Díaz-Giménez, Javier, & Ríos-Rull, José-Victor Journal of Political Economy, 111(4):818–857, The University of Chicago Press, 2003.
Accounting for the U.S. Earnings and Wealth Inequality [link]Link  doi  abstract   bibtex   
We show that a theory of earnings and wealth inequality, based on the optimal choices of ex ante identical households that face uninsured idiosyncratic shocks to their endowments of efficiency labor units, accounts for the U.S. earnings and wealth inequality almost exactly.
@article{Castanedaetal2003,
  title = {Accounting for the {{U}}.{{S}}. Earnings and Wealth Inequality},
  author = {Casta{\~n}eda, Ana and D{\'i}az-Gim{\'e}nez, Javier and {R{\'i}os-Rull}, Jos{\'e}-Victor},
  year = {2003},
  journal = {Journal of Political Economy},
  volume = {111},
  number = {4},
  pages = {818--857},
  publisher = {{The University of Chicago Press}},
  doi = {10.1086/375382},
  url = {https://doi.org/10.1086/375382},
  abstract = {We show that a theory of earnings and wealth inequality, based on the optimal choices of ex ante identical households that face uninsured idiosyncratic shocks to their endowments of efficiency labor units, accounts for the U.S. earnings and wealth inequality almost exactly.},
  keywords = {Determinants of Wealth and Wealth Inequality}
}

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