The Distribution of Wealth with Uncertain Income
Bibliographic Data
| ID | 9726348 |
|---|---|
| Authors | Ian Irvine (0000-0002-0308-0646, Concordia University), Susheng Wang (0000-0002-3305-8132, Hong Kong University of Science and Technology) |
| Year | 2003 |
| Volume | 70 |
| Issue | 278 |
| Pages | 267-292 |
| Publication date | 2003-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0335.00325 |
| OpenAlex | W2083008069 |
| Language | EN |
| References cited | 25 |
It is well known that an uncertain income stream will induce individuals to save if they are forward‐looking. In this paper we investigate the consequences of such saving on the distribution of wealth among households. The inquiry is motivated by the fact that both the dispersion of the US wealth distribution and the variance of transitory income have increased in the recent past. Surprisingly, we find that an increase in earnings uncertainty is more likely to decrease than increase the inequality in wealth holdings
Demographic economics · Dispersion (optics) · Distribution (mathematics) · Distribution of wealth · Earnings · Econometrics · Economics · Income distribution · Inequality · Labour economics · Variance (accounting) · Wealth distribution · Economic theories and models · Finance · Financial Literacy, Pension, Retirement Analysis · Income, Poverty, and Inequality · Mathematics
The Growth of Earnings Instability in the U.S. Labor Market
The use of time series processes to model the error structure of earnings in a longitudinal data analysis
The Buffer-Stock Theory of Saving
Wealth Inequality and Intergenerational Links
Precautionary Saving in the Small and in the Large
Human Capital and the Rise and Fall of Families
The Age-Wealth Relationship
Uncertain Lifetime, Consumption, and Dissaving in Retirement
Precautionary Saving and Social Insurance
Intertemporal Choice and Inequality
The Role of Intergenerational Transfers in Aggregate Capital Accumulation
The Effects of Earnings Inequality, Imperfect Capital Markets, and Dynastic Altruism on the Distribution of Wealth in Life Cycle Models
International Comparisons of the Distribution of Household Wealth
Modelling the Accumulation and Distribution of Wealth
The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth
Intergenerational Transfers and Savings
Intergenerational Transfers and the Accumulation of Wealth
Recent Trends in the Size Distribution of Household Wealth
| Citation velocity | historical |
|---|---|
| Highly cited | No |