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Federal Reserve Bank of Minneapolis: 'Risk Loving and Fat Tails in the Wealth Distribution'
January 18, 2025

MINNEAPOLIS, Minnesota, Jan. 18 (TNSrep) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 662) on December 23, 2024, by ALoisio Araujo, Juan Pablo Gama, and Timothy Kehoe entitled "Risk Loving and Fat Tails in the Wealth Distribution."

Here are excerpts:

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We study the dynamic properties of the wealth distribution in an overlapping generations model with warm-glow bequests and heterogeneous attitude . . .

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