How important is discount rate heterogeneity for wealth inequality?
نویسندگان
چکیده
منابع مشابه
How Important Is Discount Rate Heterogeneity for Wealth Inequality?
This paper investigates the role of discount rate heterogeneity for wealth inequality. The key idea is to infer the distribution of preference parameters from the observed age pro le of wealth inequality. The contribution of preference heterogeneity to wealth inequality can then be measured using a quantitative life-cycle model. I nd that discount rate heterogeneity increases the Gini coe¢ cie...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2007
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2006.10.002