Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022
How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key … changes in markups, taxes, factor productivity, and asset prices affect inequality dynamics over the 1984-2018 period. Rising … markups account for the bulk of rising income inequality. Wealth inequality dynamics result mostly from changes in saving rate …