Wealth Inequality: Data and Models
54 Pages Posted: 31 Oct 2005
There are 2 versions of this paper
Wealth Inequality: Data and Models
Wealth Inequality: Data and Models
Date Written: August 17, 2005
Abstract
In the United States wealth is highly concentrated and very un-equally 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.
Keywords: inequality, wealth
JEL Classification: E21, E60, H20, H32
Suggested Citation: Suggested Citation
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