| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21363 |
| 来源ID | Working Paper 21363 |
| The Dynamics of Inequality | |
| Xavier Gabaix; Jean-Michel Lasry; Pierre-Louis Lions; Benjamin Moll | |
| 发表日期 | 2015-07-20 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The past forty years have seen a rapid rise in top income inequality in the United States. While there is a large number of existing theories of the Pareto tails of the income and wealth distributions at a given point in time, almost none of these address the fast rise in top inequality observed in the data. We show that standard theories, which build on a random growth mechanism, generate transition dynamics that are an order of magnitude too slow relative to those observed in the data. We then suggest parsimonious deviations from the basic model that can explain such changes, namely heterogeneity in mean growth rates or deviations from Gibrat's law. These deviations are consistent with theories in which the increase in top income inequality is driven by the rise of "superstar" entrepreneurs or managers. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w21363 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579036 |
| 推荐引用方式 GB/T 7714 | Xavier Gabaix,Jean-Michel Lasry,Pierre-Louis Lions,et al. The Dynamics of Inequality. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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