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Federal Reserve Bank of St. Louis: Why Are the Wealthiest So Wealthy? New Longitudinal Empirical Evidence and Implications for Theories of Wealth Inequality
September 10, 2024
ST. LOUIS, Missouri, Sept. 10 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-013A) in June 2024 entitled "Why Are the Wealthiest So Wealthy? New Longitudinal Empirical Evidence and Implications for Theories of Wealth Inequality". The white paper was written by Elin Halvorsen, Joachim Hubmer, Serdar Ozkan and Sergio Salgado.

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Abstract

We use 1993-2015 Norwegian administrative panel data on wealth a . . .

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