Accounting for the U.S. Earnings and Wealth Inequality

S-Tier

Journal: Journal of Political Economy

Year: 2003

Volume: 111

Issue: 4

Pages: 818-857

Authors (3)

Ana Castaneda (not in RePEc) Javier Diaz-Gimenez (Universidad de Navarra) Jose-Victor Rios-Rull (University of Pennsylvania)

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

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.

Accounting for the U.S. Earnings and Wealth Inequality

Authors (3)

Abstract

Technical Details