Capital Return Jumps and Wealth Distribution
收藏NBER2021-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29544
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资源简介：
The distributions of wealth in the US and many other countries are strikingly concentrated on the top and skewed to the right. To explain the income and wealth inequality, we provide a tractable heterogeneous-agent model with incomplete markets in continuous time. We separate illiquid capital assets
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美国国家经济研究局创建时间：
2021-12-01
