Wealth distribution and social mobility in the US: A quantitative approach
讲座名称：
Wealth distribution and social mobility in the US: A quantitative approach
讲座时间：
2018-03-19
讲座人：
Jess Benhabib
形式：
校区：
兴庆校区
实践学分：
讲座内容：
讲座题目：Wealth distribution and social mobility in the US: A quantitative approach
讲座时间：2018年3月19日 下午4:00-6:00
讲座地点：交大财经校区教学楼八楼国际交流厅
讲座人：Jess Benhabib教授
讲座简介：
The paper quantitatively identifies the factors that drive wealth dynamics in the U.S. and are consistent with its skewed cross-sectional distribution and with social mobility. It concentrates on three critical factors: i) skewed earnings, ii) differential saving across wealth levels, and iii) stochastic idiosyncratic returns to wealth. All of these are fundamental for matching both distribution and mobility. The stochastic process for returns which best fits the cross-sectional distribution of wealth and social mobility in the U.S. shares several statistical properties with those of the returns to wealth uncovered by Fagereng et al. (2017) from tax records in Norway.
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