Wealth Inequality: Data and Models

Marco Cagetti and Mariacristina De Nardi ()

No 12550, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D3 D58 D64 E2 E20 E23 H0 H31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-mac and nep-pbe
Date: 2006-10
Note: PE
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Related works:
Working Paper: Wealth inequality: data and models (2005)
Journal Article: WEALTH INEQUALITY: DATA AND MODELS (2008)
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