| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23011 |
| 来源ID | Working Paper 23011 |
| The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation | |
| Joachim Hubmer; Per Krusell; Anthony A. Smith, Jr. | |
| 发表日期 | 2017-01-02 |
| 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 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w23011 |
| 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/580684 |
| 推荐引用方式 GB/T 7714 | Joachim Hubmer,Per Krusell,Anthony A. Smith, Jr.. The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23011.pdf（495KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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