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.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.