Wealth concentration in the U.S. after augmenting the upper tail of the survey of consumer finances

Jesse Bricker, Peter Hansen and Alice Henriques Volz

Economics Letters, 2019, vol. 184, issue C

Abstract: We augment SCF wealth data with a Pareto distribution and also by adding wealth of the Forbes 400 (who are excluded in SCF sampling). The wealth share of the top 1% typically increases by 1.5 percentage points under each correction.

Keywords: Wealth concentration; Pareto distribution; Forbes 400 wealth (search for similar items in EconPapers)
JEL-codes: C18 C83 D14 D31 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:184:y:2019:i:c:s0165176519303295

DOI: 10.1016/j.econlet.2019.108659

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