Wealth concentration in the U.S. after augmenting the upper tail of the survey of consumer finances
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DOI: 10.1016/j.econlet.2019.108659
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… read more here.
Keywords: survey consumer; concentration augmenting; tail survey; augmenting upper ... See more keywords