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PRODID:-//AMSE//Event Calendar//FR
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UID:event-8007@www.amse-aixmarseille.fr
DTSTAMP:20260501T071828Z
CREATED:20260501T071828Z
LAST-MODIFIED:20260501T071828Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:amse seminar - Inês Xavier
DTSTART:20210322T103000Z
DTEND:20210322T114500Z
DESCRIPTION:Why is wealth so concentrated in the United States? In this pap
 er\, I investigate the role of return heterogeneity as a source of wealth i
 nequality. Using household-level data from the Survey of Consumer Finances 
 (1989-2019)\, I provide new empirical evidence on returns to wealth in the 
 United States\, and find that wealthier households earn\, on average\, high
 er returns: moving from the 20th to the 99th percentile of the wealth distr
 ibution raises the average yearly return from 3.6% to 8.3%. To understand h
 ow these return differences shape the distribution of wealth\, I introduce 
 realistic return heterogeneity in a partial equilibrium model of household 
 saving behavior. This exercise suggests that considering both earnings and 
 return heterogeneity can fully account for the top 10% wealth share observe
 d in the data (76%)\, which cannot be explained by earnings differences alo
 ne.\\n\\nContact: Ewen Gallic: ewen.gallic[at]univ-amu.frAvner Seror: avner
 .seror[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmarseille
 .fr/en/events/in%C3%AAs-xavier-1
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/in%C3%AAs-xavier-1
CONTACT:Ewen Gallic: ewen.gallic[at]univ-amu.frAvner Seror: avner.seror[at]
 univ-amu.fr
TRANSP:OPAQUE
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