How do the Richest 1% Own 50% of the National Wealth in an Integrated Walrasian Equilibrium and Neoclassical Growth Model
This paper proposes a dynamic economic model of heterogeneous households to explain economic mechanisms of how the richest one per cent of the population own 50% of national wealth. We explain inequality in a purely competitive economic environment with endogenous wealth and human capital accumulati...
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| Format: | Article |
| Language: | English |
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Università degli Studi di Urbino Carlo Bo
2015-08-01
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| Series: | International Journal of Economic Behavior |
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| Online Access: | http://ijeb.faa.ro/download/498_5%20_15-12_%20-%20Zhang.pdf |