Replication data for: Earnings Inequality and Other Determinants of Wealth Inequality

Principal Investigator(s): View help for Principal Investigator(s) Jess Benhabib; Alberto Bisin; Mi Luo

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LICENSE.txt	text/plain	14.6 KB	10/12/2019 07:17:AM
README.txt	text/plain	4.1 KB	10/12/2019 07:17:AM

Project Citation:

Benhabib, Jess, Bisin, Alberto, and Luo, Mi. Replication data for: Earnings Inequality and Other Determinants of Wealth Inequality. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113490V1

Project Description

Summary: We study the relation between the distribution of labor earnings and the distribution of wealth. We show, theoretically as well as empirically, that while labor earnings and precautionary savings are important determinants of wealth inequality factors, they cannot by themselves account for the thick tail of (the large top shares in) the observed distribution of wealth. Other determinants, like stochastic returns to wealth, as well as savings rates and rates of returns increasing in wealth, need to be accounted for.

Scope of Project

JEL Classification:
      D31 Personal Income, Wealth, and Their Distributions
      D33 Factor Income Distribution
      E21 Macroeconomics: Consumption; Saving; Wealth
      E25 Aggregate Factor Income Distribution
      J31 Wage Level and Structure; Wage Differentials

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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