Accounting for the U.S. Earnings and Wealth Inequality
BNP Paribas (France) · Universidad Carlos III de Madrid · +1 more institution
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Abstract
We show that a theory of earnings and wealth inequality, based on the optimal choices of ex ante identical households that face uninsured idiosyncratic shocks to their endowments of efficiency labor units, accounts for the U.S. earnings and wealth inequality almost exactly.
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736
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- FWCI
- 77.64
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- 100%
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Authors
3Topics & keywords
Topics
Keywords
- Earnings
- Economics
- Inequality
- Ex-ante
- Labour economics
- Earnings response coefficient
- Macroeconomics
- Finance
UN Sustainable Development Goals
- Decent work and economic growth
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