Duality and stationary distributions of wealth distribution models
نویسندگان
چکیده
منابع مشابه
Stochastic Dynamics and the Stationary Distribution of Wealth
April, 2005 Abstract. A model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows what kt+1 wealth at t+ 1 would be, given kt, with no shock. It has a positive slope, but indeterminate concavity/convexity. The stationary distribution satis es a Fredholm integral equation and can be examined by direct analysis of the stochastic process or via the Fre...
متن کاملWealth distributions in asset exchange models
A model for the evolution of the wealth distribution in an economically interacting population is introduced, in which a specified amount of assets are exchanged between two individuals when they interact. The resulting wealth distributions are determined for a variety of exchange rules. For “random” exchange, either individual is equally likely to gain in a trade, while “greedy” exchange, the ...
متن کاملThe Stationary Distribution of Wealth with Random Shocks
January 2002 Abstract. A convergence model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows what kt+1 wealth at t + 1 would be, given kt, with no shock. It has a positive slope, but its concavity/convexity is indeterminate. The stationary distribution of wealth satis...es a Fredholm integral equation. This distribution can be examined by direct a...
متن کاملModels of the Distribution of Wealth
In this paper we review some of the computable general equilibrium models based on unin-surable shocks to earnings that can be used to account for diierences in wealth holdings across households. We explore their ability to generate the key properties of the data (which we summarize by (a) a very small amount of wealth among the poorest 40% of the population (about 2% of total wealth), (b) a ve...
متن کاملThe stationary wealth distribution under progressive taxation ¬リニ
Article history: Received 2 July 2007 Revised 16 September 2008 Available online 26 September 2008 JEL classification: E21 E25 E62
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Physics A: Mathematical and Theoretical
سال: 2014
ISSN: 1751-8113,1751-8121
DOI: 10.1088/1751-8113/47/8/085203