haku: @indexterm distribution of wealth / yhteensä: 74
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| Tekijä: | Laitner, J. |
| Otsikko: | Secular changes in wealth inequality and inheritance |
| Lehti: | Economic Journal
2001 : OCT, VOL. 111:474, p. 691-721 |
| Asiasana: | DISTRIBUTION OF WEALTH EQUALITY LIFE CYCLES UNITED KINGDOM USA |
| Kieli: | eng |
| Tiivistelmä: | Data suggests that the distribution of wealth among households in the USA and UK has become more equal over the last century, though, at least for the USA, the pattern may have reversed recently. This paper shows that a model in which all households save for life-cycle reasons and some for dynastic purposes as well offers a possible or partial explanation: the model predicts rising cross-sectional equality of wealth when longevity increases. |
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