WEALTH INEQUALITY: DATA AND MODELS

Marco Cagetti and Mariacristina De Nardi ()

Macroeconomic Dynamics, 2008, vol. 12, issue S2, pages 285-313

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.

Date: 2008
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Related works:
Working Paper: Wealth Inequality: Data and Models (2006)
Working Paper: Wealth inequality: data and models (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:cup:macdyn:v:12:y:2008:i:s2:p:285-313_07

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