@article{IaconoPalagi2023,
  title = {A Micro Perspective on r {$>$} g},
  author = {Iacono, Roberto and Palagi, Elisa},
  year = {2023},
  month = apr,
  journal = {Economica},
  volume = {90},
  number = {358},
  pages = {531--556},
  doi = {10.1111/ecca.12464},
  url = {https://doi.org/10.1111/ecca.12464},
  abstract = {By exploiting large-scale administrative data on income and estimated personal wealth in Norway from 2010 to 2018, this paper establishes the first micro-level analysis of the difference between the real return on wealth and the real growth rate of total pre-tax income, across the entire net wealth distribution. We show that for the top 40\% of the distribution, the aggregate R-G of 1.8\% underestimates its micro counterpart r-g, while the opposite happens for the bottom 60\%. Moreover, for the bottom 50\% of the net wealth distribution, it is indeed the case that r},
  keywords = {Methods of Estimation of Wealth Inequality,Trends in Aggregate Wealth and Wealth Inequality},
  url_file = {IaconoPalagi2023.pdf}
}

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