INEQUALITY AND MOBILITY IN THE DISTRIBUTION OF WEALTH.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • Additional Information
    • Subject Terms:
    • Abstract:
      Simulation methods are used to study the determinants of both the inequality and degree of intergenerational mobility in the distribution of inherited wealth. A general model of individual life-cycle optimization in perfectly competitive markets is used as the microeconomic building block, but numerical parameters were chosen to resemble the U.S. economy starting in the year 1900. Inequality in the wealth distribution usually grows over time, and intergenerational mobility is extremely high. Sensitivity of the results to various parameters is assessed. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of Kyklos is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)