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Book Cover
Author Bertola, Giuseppe, author

Title Income distribution in macroeconomic models / Giuseppe Bertola, Reto Foellmi, Josef Zweimüller
Published Princeton, N.J. : Princeton University Press, [2006]
Online access available from:
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Description 1 online resource (xviii, 421 pages) : illustrations
Contents 1. Production and distribution of income in a market economy -- 2. Exogenous savings propensities -- 3. Optimal savings -- 4. Factor income distribution -- 5. Savings and distributions with finite horizons -- 6. Factor shares and taxation in the OLG model -- 7. Investment opportunities and the allocation of savings -- 8. Risk and financial markets -- 9. Uninsurable income shocks -- 10. Distribution and market power -- 11. Indivisible goods and the composition of demand -- 12. Hierarchic preferences -- 13. Dynamic interaction of demand and supply
Summary 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
Bibliography Includes bibliographical references (pages 399-417) and index
Notes Print version record
Subject Economic development -- Econometric models.
Equality -- Econometric models.
Income distribution -- Econometric models.
Wealth -- Econometric models.
Form Electronic book
Author Foellmi, Reto, author
Zweimüller, Josef, author
ISBN 0691164592
1400865093 (electronic bk.)
9781400865093 (electronic bk.)