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Wealth Inequality: Data and Models

Cagetti, M; De Nardi, M; (2008) Wealth Inequality: Data and Models. Macroeconomic Dynamics , 12 (S2) pp. 285-313. 10.1017/S1365100507070150.

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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.

Type: Article
Title: Wealth Inequality: Data and Models
DOI: 10.1017/S1365100507070150
Publisher version: http://dx.doi.org/10.1017/S1365100507070150
Language: English
Keywords: Inequality, Savings, Life-Cycle Models
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/1402789
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