Kaymak, Barıș; Leung, David; Poschke, Markus - 2020
bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of … earnings, capital income and net worth, we find evidence for excess returns on investment among the highest income groups …. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the …