Titelaufnahme

Titel
Accounting for wealth concentration in the US / Barış Kaymak (Université de Montréal and CIREQ), David Leung (National Taiwan University), Markus Poschke (McGill University, CIREQ and IZA) ; IZA Institute of Labor Economics
VerfasserKaymak, Barış ; Leung, David ; Poschke, Markus
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2020
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (49 Seiten) : Diagramme
SerieDiscussion paper ; no. 13082
URLVolltext
URNurn:nbn:de:hbz:5:2-574047 
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 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Accounting for wealth concentration in the US [0.53 mb]
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Zusammenfassung

The recent literature has argued for high concentration of earnings, differences in rates of return on assets and bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of earnings, capital income and net worth, we find evidence for excess returns on investment among the highest income groups. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income for top income and wealth groups.

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 Das Medienwerk ist im Rahmen des deutschen Urheberrechts nutzbar.