| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11743 |
| DP11743 The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation | |
| Tony Smith; Joachim Hubmer | |
| 发表日期 | 2017-01-04 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper employs the benchmark heterogeneous-agent model used in macroeconomics to examine drivers of the rise in wealth inequality in the U.S. over the last thirty years. Several plausible candidates are formulated, calibrated to data, and examined through the lens of the model. There is one main finding: by far the most important driver is the significant drop in tax progressivity that started in the late 1970s, intensified during the Reagan years, and then subsequently flattened out, with only a minor bounce back. The sharp observed increases in earnings inequality, the falling labor share over the recent decades, and potential mechanisms underlying changes in the gap between the interest rate and the growth rate (Piketty’s r − g story) all fall far short of accounting for the data. |
| 主题 | Macroeconomics and Growth ; Public Economics |
| URL | https://cepr.org/publications/dp11743 |
| 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/540557 |
| 推荐引用方式 GB/T 7714 | Tony Smith,Joachim Hubmer. DP11743 The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Tony Smith]的文章 |
| [Joachim Hubmer]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Tony Smith]的文章 |
| [Joachim Hubmer]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Tony Smith]的文章 |
| [Joachim Hubmer]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
