The Dynamics of Inequality

Xavier Gabaix, Jean-Michel Lasry, Pierre-Louis Lions, Benjamin Moll

NBER Working Paper No. 21363
Issued in July 2015

---- Acknowledgments ----

We thank Fernando Alvarez, Roland Benabou, Fatih Guvenen, Chad Jones, Greg Kaplan, Erzo Luttmer, Makoto Nirei, Ezra Oberfield, Jonathan Parker, John Shea, Joe Sullivan and Gabriel Zucman for their insights, and seminar participants at UQAM, Queen's University, Cornell, the Chicago Fed, Princeton and the University of Maryland for useful comments. We also thank Cristian Alonso, Joshua Bernstein, Nik Engbom and Jason Ravit for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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