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Marco Cagetti, Mariacristina De Nardi
NBER Working Paper No. 12550*
Issued in October 2006
NBER Program(s): PE
---- 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.
*Published: Cagetti, Marco & De Nardi, Mariacristina, 2008.
"Wealth Inequality: Data And Models,"
Macroeconomic Dynamics,
Cambridge University Press, vol. 12(S2), pages 285-313, September.
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