Structural Models of Wealth Inequality

Lead Research Organisation: London School of Economics and Political Science
Department Name: Economics

Abstract

Precautionary saving is a key driver of wealth inequality within models of the Bewley-Huggett-Aiyagari canon. However, models with savings rates calibrated solely to idiosyncratic income risk find it difficult to replicate the vast wealth inequality empirically observed in the United States. The research agenda proposed looks at methods to close this discrepancy, pertinently out of pocket medical expenditure

Publications

10 25 50

Studentship Projects

Project Reference Relationship Related To Start End Student Name
ES/P000622/1 01/10/2017 30/09/2027
2301229 Studentship ES/P000622/1 01/10/2019 30/09/2023 Thomas Monk