Modelling The Accumulation And Distribution Of Wealth
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Modelling The Accumulation And Distribution Of Wealth
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Author : Denis Kessler
language : en
Publisher: Oxford University Press, USA
Release Date : 1988
Modelling The Accumulation And Distribution Of Wealth written by Denis Kessler and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
This collection of carefully edited and updated papers explores household composition and the life cycle, wealth effects of intergenerational transfers, wealth holdings and entrepreneurial activity, and other topics.
Modelling The Accumulation And Distribution Of Wealth
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Author : Denis Kessler
language : es
Publisher:
Release Date : 1988
Modelling The Accumulation And Distribution Of Wealth written by Denis Kessler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
A Theory Of Wealth Distribution And Accumulation
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Author : Mauro Baranzini
language : en
Publisher: Oxford University Press
Release Date : 1991
A Theory Of Wealth Distribution And Accumulation written by Mauro Baranzini and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
This volume provides a general framework for a macroeconomic theory of income distribution and wealth distribution and accumulation. The book is divided into two parts. In the first the author surveys the sets of literature on the subject and relates them to each other. In the second part he makes his own contribution by presenting a new model which uses both neo-classical and post-Keynesian analytical tools. The author focuses on the laws which regulate the behavior of individuals and social groups within a given institutional set-up, and in particular those which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The theoretical issue of savings accumulation is reconsidered, alongside income distribution, and profit determination by concentrating on the historical reasons that are at the basis of "class distinction," as well as "generation distinction," in modern economic analysis.
Income Distribution In Macroeconomic Models
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Author : Giuseppe Bertola
language : en
Publisher: Princeton University Press
Release Date : 2014-09-28
Income Distribution In Macroeconomic Models written by Giuseppe Bertola and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-28 with Business & Economics categories.
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
A Stochastic Model Of Wealth Accumulation With Class Division
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Author : Alberto Russo
language : en
Publisher:
Release Date : 2012
A Stochastic Model Of Wealth Accumulation With Class Division written by Alberto Russo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Wealth Accumulation And Distribution Analysis With A Dynamic Microsimulation Model
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Author :
language : en
Publisher:
Release Date : 1995
Wealth Accumulation And Distribution Analysis With A Dynamic Microsimulation Model written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
A Model Of Economic Mobility And The Distribution Of Wealth
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Author : Ricardo T. Fernholz
language : en
Publisher:
Release Date : 2016
A Model Of Economic Mobility And The Distribution Of Wealth written by Ricardo T. Fernholz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This paper introduces new techniques to obtain a closed-form rank-by-rank characterization of the equilibrium distribution of wealth in a model in which finitely lived households face uninsurable idiosyncratic investment risk. A central result is that the extent of inequality is determined entirely by two factors. The first factor, household exposure to idiosyncratic investment risk, increases inequality. The second factor, cross-sectional mean reversion of household wealth, decreases inequality. We show that economic mobility is decreasing in inequality and increasing in mean reversion, a result that is consistent with recent empirical observations about the geographic variation in mobility that exists both domestically and internationally. Our approach allows us to examine the implications of increased market completeness in the form of a risk-sharing subgroup of households. We show that a risk-sharing subgroup rises or falls in the equilibrium wealth distribution depending on the level of inequality, and that its presence raises welfare and the rate of wealth accumulation for all households in the economy.
Handbook Of Income Distribution
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Author : Anthony B. Atkinson
language : en
Publisher: North Holland
Release Date : 2000-06-07
Handbook Of Income Distribution written by Anthony B. Atkinson and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-07 with Business & Economics categories.
Distributional issues may not have always been among the main concerns of the economic profession. Today, in the beginning of the 2000s, the position is different. During the last quarter of a century, economic growth proved to be unsteady and rather slow on average. The situation of those at the bottom ceased to improve regularly as in the preceding fast growth and full-employment period. Europe has seen prolonged unemployment and there has been widening wage dispersion in a number of OECD countries. Rising affluence in rich countries coexists, in a number of such countries, with the persistence of poverty. As a consequence, it is difficult nowadays to think of an issue ranking high in the public economic debate without some strong explicit distributive implications. Monetary policy, fiscal policy, taxes, monetary or trade union, privatisation, price and competition regulation, the future of the Welfare State are all issues which are now often perceived as conflictual because of their strong redistributive content. Economists have responded quickly to the renewed general interest in distribution, and the contents of this Handbook are very different from those which would have been included had it been written ten or twenty years ago. It has now become common to have income distribution variables playing a pivotal role in economic models. The recent interest in the relationship between growth and distribution is a good example of this. The surge of political economy in the contemporary literature is also a route by which distribution is coming to re-occupy the place it deserves. Within economics itself, the development of models of imperfect information and informational asymmetries have not only provided a means of resolving the puzzle as to why identical workers get paid different amounts, but have also caused reconsideration of the efficiency of market outcomes. These models indicate that there may not necessarily be an efficiency/equity trade-off; it may be possible to make progress on both fronts. The introduction and subsequent 14 chapters of this Handbook cover in detail all these new developments, insisting at the same time on how they tie with the previous literature on income distribution. The overall perspective is intentionally broad. As with landscapes, adopting various points of view on a given issue may often be the only way of perceiving its essence or reality. Accordingly, income distribution issues in the various chapters of this volume are considered under their theoretical or their empirical side, under a normative or a positive angle, in connection with redistribution policy, in a micro or macro-economic context, in different institutional settings, at various point of space, in a historical or contemporaneous perspective. Specialized readers will go directly to the chapter dealing with the issue or using the approach they are interested in. For them, this Handbook will be a clear and sure reference. To more patient readers who will go through various chapters of this volume, this Handbook should provide the multi-faceted view that seems necessary for a deep understanding of most issues in the field of distribution. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Capitalists Workers And Fiscal Policy
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Author : Thomas R. Michl
language : en
Publisher: Harvard University Press
Release Date : 2009
Capitalists Workers And Fiscal Policy written by Thomas R. Michl and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl’s model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book’s findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth.
Handbook Of Income Distribution
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Author : Anthony Barnes Atkinson
language : en
Publisher: Elsevier
Release Date : 2000
Handbook Of Income Distribution written by Anthony Barnes Atkinson and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Economics categories.