This paper analyzes a class of stochastic endogenous growth models with uninsurable idiosyncratic income risk. The model economy is populated by inÿnitely-lived households who own and operate their own business, work for a stock company, and participate in stock and bond markets. Households have log
✦ LIBER ✦
Growth and distribution in an AK-model with endogenous impatience
✍ Scribed by Kirill Borissov; Stéphane Lambrecht
- Publisher
- Springer
- Year
- 2007
- Tongue
- English
- Weight
- 288 KB
- Volume
- 39
- Category
- Article
- ISSN
- 0938-2259
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