We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. Relying on the shape of this distribution we then estimate a life-cycle incomplete markets model. We find that considering a wide range of net worth...
In this paper we describe the household wealth distribution in the US and UK, and compare both wealth inequality and the form in which wealth is held. Unconditionally, there are large differences in financial wealth between the two countries at the top fifth of the wealth distribution. And even...
After estimating overall wealth inequality and wealth IOp, we use the DFL decomposition method to impose the distribution of income, education and labor status of the USA into Spain. In this manner, we create a counterfactual country whose wealth distribution is characterized by the covariates of t...
This paper compares the age-wealth distribution produced in life-cycle economies to the corresponding distribution in the US economy. The idea is to calibrate the model economies to match features of the US earnings distribution and then examine the wealth distribution implications of the model econom...
Wealth of the “Top 0.1%” drops by $12 million per household; the wealth of the “Bottom 50%,” who have nearly nothing, rises. ByWolf RichterforWOLF STREET. The Fed, in its new release of data on the distribution of wealth in the US, cut its ...
Wealth distributionWe study the link between culturally inherited household structure and wealth distribution in international comparisons using household data for the US and Spain (the SCF and the EFF). We estimate counterfactual US distributions relying on the Spanish household structure. Our results ...
The wealth distribution in developed and developing economies: comparing the United States to Chile using survey data from 2007This study examines the distributions of income, assets, debt, and wealth within Chile, using data from the ... S Bauducco,G Castex,A Davis - 《Journal Economía Chilena...
T hen, theparticipants were asked how fair they thoughtincome distribution in the US was and how satisfied they were with it. T he participants also answered questions testing their attitudes toward redistribution.To ensure that the findings were actuallyrelated to the individual s social circles ...
On the evolution of hoarding, risk-taking, and wealth distribution in nonhuman and human populations. Proc Natl Acad Sci U S A 2014;111 Suppl 3:10860... Bergstrom,Theodore,C. - 《Proceedings of the National Academy of Sciences of the United States of America》 被引量: 8发表: 2014年 Pr...
There has been a lot of talk this year, and especially during the holiday season, about the inequities in the distribution of wealth and income. But most of what has been written is quite simple-minded, if the writers mean to convey something more than t