SECTORAL SHIFT, WEALTH DISTRIBUTION, AND DEVELOPMENT

Sectoral distribution of goniosynechiae.

IT is the general opinion that, in eyes suffering from closed-angle glaucoma, goniosynechiae are not uncommon, especially if such eyes have had an acute or sub-acute attack of hypertension. The present investigation has been undertaken to ascertain whether these goniosynechiae are distributed at random round the angle or, as clinical impression suggests, tend to occur more in the upper than the...

Incorporating Sectoral Structure into Shift-Share Analysis

The objective of this paper is to present a way to incorporate sectoral structure within the measures of regional growth provided by the traditional shift-share analysis. The new tool makes it possible to considerer in the decomposition analysis three new effects: sectoral national effect, sectoral structural effect, and sectoral differential effect. To illustrate the analysis of sectoral struc...

Growth and Development with Income and Wealth Distribution

Wealth Distribution and Infinite Horizon

This paper presents an explicitly solved model of wealth distribution in an infinite-horizon incomplete-markets economy. The agent aims to hold a target level of wealth in order to partially buffer income shocks. The notion of buffering suggests that the agent’s wealth is less skewed and less fat-tailed than his income in the long run. Infinite-horizon setting implies that the cross-sectional j...

Wealth Distribution and Occupational Choice

The paper tries to relate inequality, occupational choice and long run wealth. Defining the unskilled as poor, skilled group as middle class and entrepreneurs as rich the paper focusesstarting from a huge middle class relative to the rich along with a higher fraction of borrowing entrepreneurs within the rich group, an economy converges with a very low wealth level. In other words, one needs to...