Wealth concentration in the US after augmenting the upper tail of the survey of consumer finances

被引:11
|
作者
Bricker, Jesse [1 ]
Hansen, Peter [2 ]
Volz, Alice Henriques [1 ]
机构
[1] Fed Reserve Board, 20th & C St NW,MS K1-153, Washington, DC 20551 USA
[2] AVIXA, 211242 Waples Mill Rd, Fairfax, VA 22030 USA
关键词
Wealth concentration; Pareto distribution; Forbes; 400; wealth;
D O I
10.1016/j.econlet.2019.108659
中图分类号
F [经济];
学科分类号
02 ;
摘要
We augment SCF wealth data with a Pareto distribution and also by adding wealth of the Forbes 400 (who are excluded in SCF sampling). The wealth share of the top 1% typically increases by 1.5 percentage points under each correction. (C) 2019 Published by Elsevier B.V.
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页数:4
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