New Theoretical Perspectives on the Distribution of Income and Wealth among Individuals: Part I. The Wealth Residual
Author
Abstract
Suggested Citation
Note: POL
Download full text from publisher
References listed on IDEAS
- Christopher D Carroll, 1997.
"Why Do the Rich Save So Much?,"
Economics Working Paper Archive
388, The Johns Hopkins University,Department of Economics.
- Christopher D. Carroll, 1998. "Why Do the Rich Save So Much?," NBER Working Papers 6549, National Bureau of Economic Research, Inc.
- Edward Wolff & Maury Gittleman, 2014.
"Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(4), pages 439-468, December.
- Wolff, Edward N. & Gittleman, Maury, 2011. "Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?," Working Paper Series 1300, European Central Bank.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," BCL working papers 55, Central Bank of Luxembourg.
- Martin Guzman & Joseph E Stiglitz, 2021.
"Pseudo-wealth and Consumption Fluctuations [Emerging market business cycles: the cycle is the trend],"
The Economic Journal, Royal Economic Society, vol. 131(633), pages 372-391.
- Martin Guzman & Joseph E. Stiglitz, 2016. "Pseudo-wealth and Consumption Fluctuations," NBER Working Papers 22838, National Bureau of Economic Research, Inc.
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014.
"Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities,"
American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 230-271, February.
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2011. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," NBER Working Papers 17616, National Bureau of Economic Research, Inc.
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," PSE-Ecole d'économie de Paris (Postprint) halshs-00944873, HAL.
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," Post-Print halshs-00944873, HAL.
- Stantcheva, Stefanie & Piketty, Thomas & Saez, Emmanuel, 2011. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," CEPR Discussion Papers 8675, C.E.P.R. Discussion Papers.
- Stefanie Stantcheva & Emmanuel Saez & Thomas Piketty, 2012. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," 2012 Meeting Papers 78, Society for Economic Dynamics.
- Abhijit Banerjee & Sendhil Mullainathan, 2010.
"The Shape of Temptation: Implications for the Economic Lives of the Poor,"
Working Papers
id:2484, eSocialSciences.
- Abhijit Banerjee & Sendhil Mullainathan, 2010. "The Shape of Temptation: Implications for the Economic Lives of the Poor," NBER Working Papers 15973, National Bureau of Economic Research, Inc.
- Banerjee, Abhijit & Mullainathan, Sendhil, 2010. "The Shape of Temptation: Implications for the Economic Lives of the Poor," CEPR Discussion Papers 7828, C.E.P.R. Discussion Papers.
- Luigi L. Pasinetti, 1962. "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 267-279.
- Thomas Piketty & Gabriel Zucman, 2014.
"Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1255-1310.
- Piketty, Thomas & Zucman, Gabriel, 2013. "Capital is Back: Wealth-Income Ratios in Rich Countries, 1700-2010," CEPR Discussion Papers 9588, C.E.P.R. Discussion Papers.
- Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," PSE-Ecole d'économie de Paris (Postprint) halshs-01109372, HAL.
- Piketty, Thomas & Zucman, Gabriel, 2014. "Capital is back: wealth-income ratios in rich countries 1700-2010," LSE Research Online Documents on Economics 66106, London School of Economics and Political Science, LSE Library.
- Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," Post-Print halshs-01109372, HAL.
- Griliches, Zvi, 1969. "Capital-Skill Complementarity," The Review of Economics and Statistics, MIT Press, vol. 51(4), pages 465-468, November.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth or Whatever Happened to the Great Inheritance Boom? Results from the SCF and PSID," NBER Working Papers 16840, National Bureau of Economic Research, Inc.
- Saez, Emmanuel & Zucman, Gabriel, 2014.
"Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data,"
CEPR Discussion Papers
10227, C.E.P.R. Discussion Papers.
- Emmanuel Saez & Gabriel Zucman, 2015. "Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," STICERD - Public Economics Programme Discussion Papers 26, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Emmanuel Saez & Gabriel Zucman, 2014. "Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," NBER Working Papers 20625, National Bureau of Economic Research, Inc.
- Richard J. Arnott & Joseph E. Stiglitz, 1979. "Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(4), pages 471-500.
- David Card & John E. DiNardo, 2002.
"Skill-Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles,"
Journal of Labor Economics, University of Chicago Press, vol. 20(4), pages 733-783, October.
- David Card & John E. DiNardo, 2002. "Skill Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles," NBER Working Papers 8769, National Bureau of Economic Research, Inc.
- Galbraith, James K., 2012. "Inequality and Instability: A Study of the World Economy Just Before the Great Crisis," OUP Catalogue, Oxford University Press, number 9780199855650.
- Charles I. Jones & Paul M. Romer, 2010.
"The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 224-245, January.
- Charles I. Jones & Paul M. Romer, 2009. "The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital," NBER Working Papers 15094, National Bureau of Economic Research, Inc.
- Edward Wolff & Maury Gittleman, 2014.
"Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(4), pages 439-468, December.
- Wolff, Edward N. & Gittleman, Maury, 2011. "Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?," Working Paper Series 1300, European Central Bank.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," Working Papers 445, U.S. Bureau of Labor Statistics.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," BCL working papers 55, Central Bank of Luxembourg.
- Olivier Giovannoni, 2014. "What Do We Know About the Labor Share and the Profit Share? Part III: Measures and Structural Factors," Economics Working Paper Archive wp_805, Levy Economics Institute.
- Olivier Giovannoni, 2014. "What Do We Know About the Labor Share and the Profit Share? Part II: Empirical Studies," Economics Working Paper Archive wp_804, Levy Economics Institute.
- Young, Andrew T., 2013. "U.S. Elasticities Of Substitution And Factor Augmentation At The Industry Level," Macroeconomic Dynamics, Cambridge University Press, vol. 17(4), pages 861-897, June.
- Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
- Mallick, Debdulal, 2007. "The role of elasticity of substitution in economic growth: a cross-country test of the de La Grandville Hypothesis," Working Papers eco_2007_04, Deakin University, Department of Economics.
- Becker, Gary S & Tomes, Nigel, 1979. "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1153-1189, December.
- Olivier Giovannoni, 2014. "What Do We Know About the Labor Share and the Profit Share? Part I: Theories," Economics Working Paper Archive wp_803, Levy Economics Institute.
- F. A. Lutz, 1961. "The Theory of Capital," International Economic Association Series, Palgrave Macmillan, number 978-1-349-08452-4 edited by D. C. Hague, June.
- Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2004.
"Do the Rich Save More?,"
Journal of Political Economy, University of Chicago Press, vol. 112(2), pages 397-444, April.
- Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000. "Do the Rich Save More?," NBER Working Papers 7906, National Bureau of Economic Research, Inc.
- Karen E. Dynan & Jonathan Skinner & Stephen Zeldes, 2000. "Do the rich save more?," Finance and Economics Discussion Series 2000-52, Board of Governors of the Federal Reserve System (U.S.).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Fischer, Thomas, 2017.
"Thomas Piketty and the rate of time preference,"
Journal of Economic Dynamics and Control, Elsevier, vol. 77(C), pages 111-133.
- Fischer, Thomas, 2017. "Thomas Piketty and the Rate of Time Preference," Working Papers 2017:1, Lund University, Department of Economics.
- Joseph E. Stiglitz, 2016. "The Theory of Credit and Macro-economic Stability," NBER Working Papers 22837, National Bureau of Economic Research, Inc.
- Edward Wolff & Maury Gittleman, 2014.
"Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(4), pages 439-468, December.
- Wolff, Edward N. & Gittleman, Maury, 2011. "Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?," Working Paper Series 1300, European Central Bank.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," BCL working papers 55, Central Bank of Luxembourg.
- Rishabh Kumar, 2015. "Wealth accumulation and aggregate demand stagnation in a two class economy with applications to the United States," Working Papers 1526, New School for Social Research, Department of Economics.
- Raphaele Chappe & Willi Semmler, 2019. "Financial Market as Driver for Disparity in Wealth Accumulation—A Receding Horizon Approach," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 1231-1261, October.
- Giacomo Gabbuti, 2018. "Labour Shares and Income Inequality: Insights from Italian Economic History, 1895-2015," HHB Working Papers Series 13, The Historical Household Budgets Project.
- Stiglitz, Joseph E., 2018.
"Pareto efficient taxation and expenditures: Pre- and re-distribution,"
Journal of Public Economics, Elsevier, vol. 162(C), pages 101-119.
- Joseph E. Stiglitz, 2017. "Pareto Efficient Taxation and Expenditures: Pre- and Re-distribution," NBER Working Papers 23892, National Bureau of Economic Research, Inc.
- Terranova, Roberta & Turco, Enrico M., 2022. "Concentration, stagnation and inequality: An agent-based approach," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 569-595.
- Piketty, Thomas & Zucman, Gabriel, 2014.
"Wealth and Inheritance in the Long Run,"
CEPR Discussion Papers
10072, C.E.P.R. Discussion Papers.
- Thomas Piketty & Gabriel Zucman, 2015. "Wealth and Inheritance in the Long Run," PSE-Ecole d'économie de Paris (Postprint) halshs-01109067, HAL.
- Thomas Piketty & Gabriel Zucman, 2015. "Wealth and Inheritance in the Long Run," Post-Print halshs-01109067, HAL.
- Facundo Alvaredo & Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2013.
"The Top 1 Percent in International and Historical Perspective,"
Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 3-20, Summer.
- Facundo Alvaredo & Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2013. "The Top 1 Percent in International and Historical Perspective," NBER Working Papers 19075, National Bureau of Economic Research, Inc.
- Coveri, Andrea & Pianta, Mario, 2022. "Drivers of inequality: wages vs. profits in European industries," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 230-242.
- Rishabh Kumar, 2015. "Savings from top incomes and accumulation in the United States context: Results from disaggregated national accounts," Working Papers 1524, New School for Social Research, Department of Economics.
- Soon Ryoo, 2016.
"Inequality of Income and Wealth in the Long Run: A Kaldorian Perspective,"
Metroeconomica, Wiley Blackwell, vol. 67(2), pages 429-457, May.
- Ryoo, Soon, 2015. "Inequality of income and wealth in the long run: A Kaldorian perspective," UMASS Amherst Economics Working Papers 2015-09, University of Massachusetts Amherst, Department of Economics.
- Soon Ryoo, 2018.
"Top income shares and aggregate wealth-income ratio in a two-class corporate economy [Growth and distribution in heterodox models with managers and financiers],"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(3), pages 699-728.
- Soon Ryoo, 2016. "Top Income Shares and Aggregate Wealth-Income Ratio in a Two-Class Corporate Economy," UMASS Amherst Economics Working Papers 2016-17, University of Massachusetts Amherst, Department of Economics.
- Palagi, Elisa & Napoletano, Mauro & Roventini, Andrea & Gaffard, Jean-Luc, 2023.
"An agent-based model of trickle-up growth and income inequality,"
Economic Modelling, Elsevier, vol. 129(C).
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2021. "An agent-based model of trickle-up growth and income inequality," SciencePo Working papers Main hal-03373193, HAL.
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2021. "An agent-based model of trickle-up growth and income inequality," LEM Papers Series 2021/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2021. "An agent-based model of trickle-up growth and income inequality," Working Papers hal-03373193, HAL.
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2022. "An agent-based model of trickle-up growth and income inequality," Working Papers halshs-03509091, HAL.
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2022. "An agent-based model of trickle-up growth and income inequality," SciencePo Working papers Main halshs-03509091, HAL.
- Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2021. "An Agent-based Model of Trickle-up Growth and Income Inequality," GREDEG Working Papers 2021-29, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Kumar, Rishabh & Schoder, Christian & Radpour, Siavash, 2018. "Demand driven growth and capital distribution in a two class model with applications to the United States," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 1-8.
- Jess Benhabib & Alberto Bisin, 2018.
"Skewed Wealth Distributions: Theory and Empirics,"
Journal of Economic Literature, American Economic Association, vol. 56(4), pages 1261-1291, December.
- Jess Benhabib & Alberto Bisin, 2016. "Skewed Wealth Distributions: Theory and Empirics," NBER Working Papers 21924, National Bureau of Economic Research, Inc.
- Brunner Johann K., 2014.
"Die Erbschaftsteuer – Bestandteil eines optimalen Steuersystems?,"
Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 15(3), pages 199-218, October.
- Johann K. Brunner, 2014. "Die Erbschaftsteuer- Bestandteil eines optimalen Steuersystems?," Economics working papers 2014-07, Department of Economics, Johannes Kepler University Linz, Austria.
- Yashin, Pete, 2020. "Financialization increases inequality and leads economy to a dead end," MPRA Paper 101061, University Library of Munich, Germany.
- Mattauch, Linus & Klenert, David & Stiglitz, Joseph E. & Edenhofer, Ottmar, 2022.
"Overcoming wealth inequality by capital taxes that finance public investment,"
Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 383-395.
- Linus Mattauch & David Klenert & Joseph E. Stiglitz & Ottmar Edenhofer, 2018. "Overcoming Wealth Inequality by Capital Taxes that Finance Public Investment," NBER Working Papers 25126, National Bureau of Economic Research, Inc.
More about this item
JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LMA-2015-05-30 (Labor Markets - Supply, Demand, and Wages)
- NEP-MAC-2015-05-30 (Macroeconomics)
- NEP-PKE-2015-05-30 (Post Keynesian Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:21189. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.