Accounting for the U.S. Earnings and Wealth Inequality

Ana Castañeda; Javier Díaz‐Giménez; José-Víctor Ríos-Rull

doi:10.1086/375382

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Journal of Political Economy Vol. 111 No. 4 2003

Accounting for the U.S. Earnings and Wealth Inequality

Ana Castañeda¹; Javier Díaz‐Giménez; José-Víctor Ríos-Rull

¹ BNP Paribas (France)

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.

DOI: 10.1086/375382
Volume: 111
Issue: 4
Pages: 818-857
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Accounting for the U.S. Earnings and Wealth Inequality

Abstract

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