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Browsing ECO Working Papers by Author "KOENIGER, Winfried"
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Title:Incomplete Markets and the Evolution of the US. Consumer Wealth Distribution
Author(s):HINTERMAIER, Thomas; KOENIGER, WinfriedDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We use a buffer-stock saving model to explain the evolution of the consumer net-worth
distribution in the US between 1983 and 2004. We focus on net-worth up to the 90th
percentile due to the well-known problem of matching ...