The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Skewed Wealth Distributions: Theory and Empirics
Abstract
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)
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Citations
Cites
Top Incomes in the Long Run of History
Atkinson, A. B., Piketty, T., & Saez, E. (2011) · Journal of Economic Literature · doi:10.1257/jel.49.1.3 · Cited by 2,362
An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility
Becker, G. S., & Tomes, N. (1979) · Journal of Political Economy · doi:10.1086/260831 · Cited by 2,243
Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data
Saez, E., & Zucman, G. (2016) · The Quarterly Journal of Economics · doi:10.1093/qje/qjw004 · Cited by 1,636
Cross-sectional facts for macroeconomists
Krueger, D., Perri, F., Pistaferri, L., & Violante, G. L. (2010) · Review of Economic Dynamics · doi:10.1016/j.red.2009.12.001 · Cited by 216
Cited by
Income and Wealth Inequality in America, 1949–2016
Kuhn, M., Schularick, M., & Steins, U. I. (2020) · Journal of Political Economy · doi:10.1086/708815 · Cited by 485
Heterogeneity and Persistence in Returns to Wealth
Fagereng, A., Guiso, L., Malacrino, D., & Pistaferri, L. (2020) · Econometrica · doi:10.3982/ecta14835 · Cited by 375
Sustainability Science: Toward a Synthesis
Clark, W. C., & Harley, A. G. (2020) · Annual Review of Environment and Resources · doi:10.1146/annurev-environ-012420-043621 · Cited by 365
Zucman, G. (2019) · Annual Review of Economics · doi:10.1146/annurev-economics-080218-025852 · Cited by 339
Rich Pickings? Risk, Return, and Skill in Household Wealth
Bach, L., Calvet, L. E., & Sodini, P. (2020) · American Economic Review · doi:10.1257/aer.20170666 · Cited by 284
Metadata
- Authors
- Benhabib, J., & Bisin, A.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2018-12-01
- Volume
- 56
- Issue
- 4
- Pages
- 1261-1291
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2270435006
- Cited by
- 320
- References
- 4
- FWCI
- 62.65
- Type
- journal article
- Language
- en
- Open access
- closed
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