Instability and concentration in the distribution of wealth

DOI10.1016/J.JEDC.2014.05.001MaRDI QIDQ1994584zbMATH OpenOpenAlexFDO

Authors Ricardo Fernholz, E. Robert Fernholz

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.05.001

zbMATH Keywords

inequalityincomplete marketswealth distribution

Mathematics Subject Classification ID

Welfare economics (91B15)

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Cites work

• scientific article; zbMATH DE number 51724 (Why is no real title available?)
• scientific article; zbMATH DE number 1746020 (Why is no real title available?)
• How important is discount rate heterogeneity for wealth inequality?
• Hybrid Atlas models
• Implicit renewal theory and tails of solutions of random equations
• Instability and concentration in the distribution of wealth
• Random difference equations and renewal theory for products of random matrices
• Stochastic Portfolio Theory: an Overview
• The distribution of wealth and fiscal policy in economies with finitely lived agents
• Top Incomes in the UK Over the 20th Century
• WEALTH INEQUALITY: DATA AND MODELS
• Wealth Inequality and Intergenerational Links

Cited in

(8)

• A simple probabilistic approach of the yard-sale model
• The distribution of wealth and fiscal policy in economies with finitely lived agents
• Thomas Piketty and the rate of time preference
• Stochastic dominance and thick-tailed wealth distributions
• The impact of randomness on the distribution of wealth: some economic aspects of the Wright-Fisher diffusion process
• Instability and concentration in the distribution of wealth
• Wealth distribution and output fluctuations
• Stable and extremely unequal

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