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Wealth inequality: data and models

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Author Info
Marco Cagetti
Mariacristina De Nardi

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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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Paper provided by Federal Reserve Bank of Chicago in its series Working Paper Series with number WP-05-10.

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Date of creation: 2005
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Handle: RePEc:fip:fedhwp:wp-05-10

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Keywords: Wealth

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  1. Marco Cagetti & Mariacristina De Nardi, 2005. "Entrepreneurship, frictions, and wealth," Working Paper Series WP-05-09, Federal Reserve Bank of Chicago. [Downloadable!]
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  2. Pourpourides, Panayiotis M., 2007. "Implicit Contracts, Wages and Wage Inequality over the Business Cycle," Cardiff Economics Working Papers E2007/19, Cardiff University, Cardiff Business School, Economics Section, revised Oct 2007. [Downloadable!]
  3. Matteo Iacoviello, 2005. "Household Debt and Income Inequality, 1963-2003," Boston College Working Papers in Economics 629, Boston College Department of Economics, revised 18 Oct 2007. [Downloadable!]
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  4. Rajnish Mehra & Edwarad C Prescott & Facundo Piguillem, 2007. "Intermediated Quantities and Returns," Levine's Bibliography 122247000000001580, UCLA Department of Economics. [Downloadable!]
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  5. Fang Yang, 2005. "Accounting for the heterogeneity in retirement wealth," Working Papers 638, Federal Reserve Bank of Minneapolis. [Downloadable!]
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  6. Olympia Bover, 2008. "Wealth inequality and household structure: US vs. Spain," Banco de España Working Papers 0804, Banco de España. [Downloadable!]
  7. Marco Cagetti & Mariacristina De Nardi, 2007. "Estate taxation, entrepreneurship, and wealth," Working Paper Series WP-07-08, Federal Reserve Bank of Chicago. [Downloadable!]
    Other versions:
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