Should-Read: Jess Benhabib, Alberto Bisin, and Mi Luo: Wealth distribution and social mobility in the US: A quantitative approach: “We concentrate on… i) skewed and persistent distribution of earnings… …ii) differential saving and bequest rates across wealth levels, and iii) stochastic idiosyncratic returns to wealth (capital income risk), possibly differential across wealth levels. All of … Continue reading Should-Read: Jess Benhabib, Alberto Bisin, and Mi Luo: Wealth distribution and social mobility in the US: A quantitative approach