Browsing MWP Working Papers by Author "HINTERMAIER, Thomas"

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Browsing MWP Working Papers by Author "HINTERMAIER, Thomas"

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    Title: Incomplete Markets and the Evolution of the US. Consumer Wealth Distribution  Author(s): HINTERMAIER, Thomas; KOENIGER, Winfried Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: 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 ...