A Theory of Wealth Distribution and Accumulation
Published on 10. January 1991
Book
Hardback
298 pages
978-0-19-823313-8 (ISBN)
Description
This volume provides the micro-foundations of a macroeconomic theory of income distribution and of the accumulation and distribution of wealth.
Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.
Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.
More details
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
Oxford University Press
Target group
Professional and scholarly
Illustrations
line drawings, tables
Dimensions
Height: 242 mm
Width: 163 mm
Thickness: 22 mm
Weight
638 gr
ISBN-13
978-0-19-823313-8 (9780198233138)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Content
Part 1 The modern macro-economic model of income distribution and wealth accumulation-theoretical perspectives: theoretical perspectives; wealth accumulation and income distribution; capital accumulation and long-term economic dynamics; the life-cycle hypothesis in models of income distribution and wealth accumulation. Part 2 An essay on the micro-foundations of the macro-economic model of distribution and accumulation: income distribution, capital accumulation and inter-generational transfers in a discrete time-model; the accumulation of capital in a two-class life-cycle model in continuous time; the dynamic of capital accumulation in a stochastic world; main conclusions and perspectives for further enquiry.