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Federal Reserve Bank of Chicago
Working Paper Series
Wealth inequality: data and models
Marco Cagetti
Mariacristina De Nardi
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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Marco Cagetti & Mariacristina De Nardi, Wealth inequality: data and models, Federal Reserve Bank of Chicago, Working Paper Series WP-05-10, 2005.
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Keywords: Wealth
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