Wealth Inequality: Data and Models
47 Pages Posted: 6 Oct 2006 Last revised: 17 Oct 2022
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Wealth Inequality: Data and Models
Date Written: October 2006
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.
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