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IMPACT ON ECONOMIC GROWTH OF DIFFERENTIAL POPULATION GROWTH IN AN ECONOMY WITH HIGH INEQUALITY

✍ Scribed by William Nordhaus

Book ID
118085971
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
44 KB
Volume
76
Category
Article
ISSN
0038-2280

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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