| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7850 |
| DP7850 On the Evolution of the US Consumer Wealth Distribution | |
| Winfried Koeniger; Thomas Hintermaier | |
| 发表日期 | 2010-06-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. We then rely on the shape of this distribution to estimate a life-cycle incomplete markets model. We find that considering a wide range of net-worth percentiles delivers very precise estimates of the structural parameters, impatience and risk aversion. The estimated model predicts some of the observed changes of the net-worth distribution, in particular for young consumers between ages 26 and 35. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Incomplete markets Life cycle Simulated method of moments Wealth distribution |
| URL | https://cepr.org/publications/dp7850 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536687 |
| 推荐引用方式 GB/T 7714 | Winfried Koeniger,Thomas Hintermaier. DP7850 On the Evolution of the US Consumer Wealth Distribution. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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