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Detecting a change in wealth concentration without the knowledge of the wealth distribution

✍ Scribed by Alessandra Michelangeli; Eugenio Peluso; Alain Trannoy

Book ID
106410187
Publisher
Springer US
Year
2010
Tongue
English
Weight
550 KB
Volume
9
Category
Article
ISSN
1569-1721

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The paper investigates into the determinants of the personal distribution of income and wealth. In an overlapping generations model all individuals are assumed to be identical except for their inherited wealth. Since life time is random the bequest of an individual and thus the inherited stock of ca