Factor Substitution, Income Distribution
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Andreas Irmen; Rainer Klump
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Article
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2009
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John Wiley and Sons
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English
β 130 KB
## Abstract We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income dis