Cagetti, Marco.

Wealth Inequality: Data and Models / Marco Cagetti, Mariacristina De Nardi. - Cambridge, Mass. National Bureau of Economic Research 2006. - 1 online resource: illustrations (black and white); - NBER working paper series no. w12550 . - Working Paper Series (National Bureau of Economic Research) no. w12550. .

October 2006.

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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