Semantic Scholar
Open Access
2018
257 sitasi
Skewed Wealth Distributions: Theory and Empirics
J. Benhabib
Alberto Bisin
Abstrak
Invariably, across a cross-section of countries and time periods, wealth distributions are skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth shares. In this survey, we categorize the theoretical studies on the distribution of wealth in terms of the underlying economic mechanisms generating skewness and thick tails. Further, we show how these mechanisms can be micro-founded by the consumption–savings decisions of rational agents in specific economic and demographic environments. Finally we map the large empirical work on the wealth distribution to its theoretical underpinnings. (JEL C46, D14, D31, E21, J31)
Topik & Kata Kunci
Penulis (2)
J
J. Benhabib
A
Alberto Bisin
Akses Cepat
Informasi Jurnal
- Tahun Terbit
- 2018
- Bahasa
- en
- Total Sitasi
- 257×
- Sumber Database
- Semantic Scholar
- DOI
- 10.1257/JEL.20161390
- Akses
- Open Access ✓