"Wealth concentration in the U.S. after augmenting the upper tail of the survey of consumer finances"

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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… Click to show full abstract

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.

Keywords: survey consumer; concentration augmenting; tail survey; augmenting upper; wealth concentration; upper tail

Journal Title: Economics Letters
Year Published: 2019

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