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Wealth Inequality: Data And Models

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  • Cagetti, Marco
  • De Nardi, Mariacristina

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.

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Bibliographic Info

Article provided by Cambridge University Press in its journal Macroeconomic Dynamics.

Volume (Year): 12 (2008)
Issue (Month): S2 (September)
Pages: 285-313

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Handle: RePEc:cup:macdyn:v:12:y:2008:i:s2:p:285-313_07

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