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Wealth inequality: data and models

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  • Marco Cagetti
  • Mariacristina De Nardi

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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