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)
Date: 2006-10
New Economics Papers: this item is included in nep-dge, nep-mac and nep-pbe
Note: PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Published as Cagetti, Marco & De Nardi, Mariacristina, 2008. "Wealth Inequality: Data And Models," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 285-313, September.

Downloads: (external link)
http://www.nber.org/papers/w12550.pdf (application/pdf)

Related works:
Journal Article: WEALTH INEQUALITY: DATA AND MODELS (2008)
Working Paper: Wealth inequality: data and models (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:12550

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12550

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().