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Accounting for the rich


  • Douglas Clement


Economic theory has long been challenged-and economists fascinated-by the mystery of extreme inequality in U.S. wealth distribution. The explanation may finally be in sight.

Suggested Citation

  • Douglas Clement, 2003. "Accounting for the rich," The Region, Federal Reserve Bank of Minneapolis, issue Jun, pages 8-11,48-52.
  • Handle: RePEc:fip:fedmrr:y:2003:i:jun:p:8-1148-52:n:v17,no.2

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    References listed on IDEAS

    1. Grossman, Sanford J & Miller, Merton H, 1988. " Liquidity and Market Structure," Journal of Finance, American Finance Association, vol. 43(3), pages 617-637, July.
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    Cited by:

    1. Marcet, Albert & Obiols-Homs, Francesc & Weil, Philippe, 2007. "Incomplete markets, labor supply and capital accumulation," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2621-2635, November.

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    Income distribution ; Economics ; Wealth;


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