TRANSITIONAL DYNAMICS AND THE DISTRIBUTION OF WEALTH IN A NEOCLASSICAL GROWTH-MODEL
成果类型：
Article
署名作者：
CHATTERJEE, S
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90072-8
发表日期：
1994
页码：
97-119
关键词：
摘要：
The evolution of the personal distribution of wealth in a standard neoclassical growth model is studied. If the economy is growing toward the steady state and preferences are such that marginal utility from consumption is infinite (finite) at some (all) positive (non-negative) consumption level(s), then the average saving propensity of agents is positively (negatively) related to their wealth. If the economy is decaying toward the steady state, these relationships are reversed. If wealth and average saving propensity are positively (negatively) related, the distribution of current period wealth Lorenz-dominates (is Lorenz-dominated by) next period's distribution of wealth.
来源URL：