Per Krusell

Sources of U.S. wealth inequality: Past, present, and future

The distribution of wealth in most countries for which there is reliable data is strikingly uneven. There is also recent work suggesting that the wealth distribution has undergone significant movements over time, most recently with a large upward swing in dispersion in several Anglo-Saxon countries (Piketty 2014; Saez and Zucman 2016). For example, according to … Read more