Framework of Analysis

The issue of rising inequality has become a more important topic within the current eld of economics. The dissipating middle class in the United States and even in Europe has highlighted the signicance of phenomena such as the distribution of, not just income, but also of wealth. The mere absence of a zero bound on an individual or family’s net wealth presents a unique hurdle not so visible when analyzing the distribution of income. Additionally, the concentrations of wealth surpass that of the concentration of income in many developed nations…