Work

Wealth Inequality: Data and Models

Year: 2006

Type: article

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.

Source: Macroeconomic Dynamics

DOI: 10.1017/s1365100507070150

Authors: Marco Cagetti, Mariacristina De Nardi

Institutions: Federal Reserve Board of Governors, National Bureau of Economic Research, Federal Reserve Bank of Chicago

Language: English

Topic: Income, Poverty, and Inequality

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Reduced inequalities

Open Access status: green

OpenAlex ID: W2892244997

FWCI: 51.78

Cites: 144

Cited by: 246

Related to: 9