@techreport{NBERw12550, title = "Wealth Inequality: Data and Models", author = "Marco Cagetti and Mariacristina De Nardi", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "12550", year = "2006", month = "October", URL = "http://www.nber.org/papers/w12550", 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.}, }