Does Intergenerational Mobility Increase Corporate Profits?
نویسندگان
چکیده
منابع مشابه
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متن کامل[Running title: Intergenerational Mobility]
A large literature on ‘endogenous inequality’ has argued that persistent differences in macroeconomic performance across countries can be explained by historical inequality, owing to indivisibilities in occupational choice and borrowing constraints. These models are characterized by homogenous agents, a continuum of steady states and lack of mobility in every steady state. We show that introduc...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3420225