Full Citation

Title: Three Essays on Wealth and Income Inequality

Citation Type: Dissertation/Thesis

Publication Year: 2018

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Abstract: In this dissertation I answer questions surrounding the division of wealth and income in the U.S. economy. In the first 2 essays I look at the impact of fertility and transfer taxes on the wealth distribution. In the final essay I use recession to show motivators behind occupational sorting . . . The literature shows that standard heterogeneous agents models struggle to replicate the magnitude of the wealth inequality observed in the data. For example, the Gini coefficient of the wealth distribution generated in a baseline Aiyagari (1994) model is only around 0.4, while the U.S. wealth gini coefficient is close to 0.8 (see Quadrini and R´ıos-Rull (1997)). An important part of the puzzle is that the rich save more and spend less than predicted by standard models, and consequently accumulate a large amount of wealth. According to Alvaredo et al. (2013), the top . . .

Url: https://opencommons.uconn.edu/cgi/viewcontent.cgi?article=8080&context=dissertations

User Submitted?: No

Authors: Cooke, Aaron, J

Institution: University of Connecticut - Storrs

Department: Economics

Advisor: Kai Zhao

Degree: PhD

Publisher Location: Storrs, CT

Pages: 109

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Other

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