Arbeitspapier
Accounting for Wealth Concentration in the US
The recent literature has argued for high concentration of earnings, differences in rates of return on assets and bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of earnings, capital income and net worth, we find evidence for excess returns on investment among the highest income groups. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income for top income and wealth groups.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 13082
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
Economywide Country Studies: Latin America; Caribbean
- Thema
-
wealth inequality
rate of return heterogeneity
income risk
bequests
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kaymak, Barıș
Leung, David
Poschke, Markus
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kaymak, Barıș
- Leung, David
- Poschke, Markus
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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