Wealth inequality: data and models

Marco Cagetti and Mariacristina De Nardi ()

No WP-05-10, Working Paper Series from Federal Reserve Bank of Chicago

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: Wealth (search for similar items in EconPapers)
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Date: 2005
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Related works:
Working Paper: Wealth Inequality: Data and Models (2006)
Journal Article: WEALTH INEQUALITY: DATA AND MODELS (2008)
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