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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 National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12550.

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Date of creation: Oct 2006
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Publication status: 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.
Handle: RePEc:nbr:nberwo:12550

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