منابع مشابه
Wealth Distribution and Infinite Horizon
This paper presents an explicitly solved model of wealth distribution in an infinite-horizon incomplete-markets economy. The agent aims to hold a target level of wealth in order to partially buffer income shocks. The notion of buffering suggests that the agent’s wealth is less skewed and less fat-tailed than his income in the long run. Infinite-horizon setting implies that the cross-sectional j...
متن کاملWealth Distribution and Occupational Choice
The paper tries to relate inequality, occupational choice and long run wealth. Defining the unskilled as poor, skilled group as middle class and entrepreneurs as rich the paper focusesstarting from a huge middle class relative to the rich along with a higher fraction of borrowing entrepreneurs within the rich group, an economy converges with a very low wealth level. In other words, one needs to...
متن کاملWealth distribution and output fluctuations
We explore the link between wealth inequality and output fluctuations in a general two-sector neoclassical growth model with endogenous labor and heterogeneous agents. When agents have homogeneous CRRA preferences and individual wealth is Pareto distributed a sufficiently large rise in the Gini index typically leads to an increase in endogenous fluctuations of output. For general economies, we ...
متن کاملWealth Distribution within Couples
Wealth Distribution within Couples While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting couples men’s net worth, on average, is 33,000 euros higher than women...
متن کاملWealth accumulation and wealth distribution in urban China∗
Under socialism it was neither possible nor necessary to accumulate significant levels of personal wealth. The acceleration of economic reform in the last decade has brought dramatic increases in income and investment opportunities. At the same time, it has also reduced social protections provided by the state welfare system. As a response to these changes urban average household net total weal...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Economic Journal
سال: 1921
ISSN: 0013-0133
DOI: 10.2307/2223307