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On the distribution of lifetime wealth accumulation

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  • Hoang Khieu

    (Fulbright University Vietnam)

Abstract

I derive a stationary distribution of lifetime wealth accumulation factor in a model featuring inheritance of productivity, wealth, and health condition, where lifetime wealth is the sum of financial wealth and human wealth. Assuming ex-ante heterogeneity in the death rate, I show that the distribution of the lifetime wealth accumulation factor is constituted by a weighted sum of shape-differing Pareto distributions. It is shown that raising the wealth tax reduces inequality of lifetime wealth not only within a death-rate type but also across all the death-rate types.

Suggested Citation

  • Hoang Khieu, 2024. "On the distribution of lifetime wealth accumulation," Journal of Economics, Springer, vol. 143(1), pages 87-100, September.
    • Handle: RePEc:kap:jeczfn:v:143:y:2024:i:1:d:10.1007_s00712-024-00867-w
    DOI: 10.1007/s00712-024-00867-w
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