Arbeitspapier
Inequality and aggregate savings in the neoclassical growth model
Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality when the rich have a higher marginal savings rate than the poor. More unequal societies grow faster in the transition process, and therefore exhibit a higher speed of convergence. Furthermore, there is divergence in consumption and lifetime wealth if the rich exhibit a higher intertemporal elasticity of substitution. Unlike the Solow-Stiglitz model, the steady state is always unique although the consumption function is concave.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 10-11
- Klassifikation
-
Wirtschaft
Economic Growth and Aggregate Productivity: General
Distribution: General
Economic Development: General
- Thema
-
marginal propensity to consume
income distribution
growth
concave consumption function
Gesamtwirtschaftliche Konsumfunktion
Soziale Ungleichheit
Einkommensverteilung
Solow-Modell
Wachstumstheorie
Neoklassik
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Foellmi, Reto
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Bern, Department of Economics
- (wo)
-
Bern
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Foellmi, Reto
- University of Bern, Department of Economics
Entstanden
- 2010
Ähnliche Objekte (12)
Saving Rate Dynamics in the Neoclassical Growth Model: Hyperbolic Discounting and Observational Equivalence
Saving rates in Latin America: A neoclassical perspective
Growth and inequality examined by integrating the Walrasian general equilibrium and neoclassical growth theories
Neoclassical Growth Model with Externalities
The Neoclassical Growth of China
Longevity and aggregate savings
The neoclassical theory of aggregate investment and its criticisms
Neoclassical Growth Model with Overlapping Generations
Intergenerational altruism and neoclassical growth models
Stochastic delay differential neoclassical growth model
Aggregate savings, finance and investment
Precautionary saving and aggregate demand
Saving Rate Dynamics in the Neoclassical Growth Model: Hyperbolic Discounting and Observational Equivalence
Saving rates in Latin America: A neoclassical perspective
Growth and inequality examined by integrating the Walrasian general equilibrium and neoclassical growth theories
Neoclassical Growth Model with Externalities
The Neoclassical Growth of China
Longevity and aggregate savings
The neoclassical theory of aggregate investment and its criticisms
Neoclassical Growth Model with Overlapping Generations
Intergenerational altruism and neoclassical growth models
Stochastic delay differential neoclassical growth model
Aggregate savings, finance and investment
Precautionary saving and aggregate demand
Saving Rate Dynamics in the Neoclassical Growth Model: Hyperbolic Discounting and Observational Equivalence
Saving rates in Latin America: A neoclassical perspective
Growth and inequality examined by integrating the Walrasian general equilibrium and neoclassical growth theories
Neoclassical Growth Model with Externalities
The Neoclassical Growth of China
Longevity and aggregate savings
The neoclassical theory of aggregate investment and its criticisms
Neoclassical Growth Model with Overlapping Generations
Intergenerational altruism and neoclassical growth models
Stochastic delay differential neoclassical growth model
Aggregate savings, finance and investment