Author:
Cagetti Marco,De Nardi Mariacristina
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.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics
Cited by
100 articles.
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