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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 818-857 |
| Number of pages | 40 |
| Journal | Journal of Political Economy |
| Volume | 111 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 2003 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 1 No Poverty -
SDG 10 Reduced Inequalities
Fingerprint
Dive into the research topics of 'Accounting for the U.S. earnings and wealth inequality'. Together they form a unique fingerprint.Cite this
- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS