This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Persistent Inequality Author info | Abstract | Publisher info | Download info | Related research | Statistics Dilip Mookherjee
Debraj Ray
Additional information is available for the following
registered author(s):
When human capital accumulation generates pecuniary externalities across professions, and capital markets are imperfect, persistent inequality "in utility and consumption" is inevitable in "any" steady state. This is true irrespective of the degree of divisibility in investments. However, divisibility (or fineness of occupational structure) has implications for both the multiplicity and Pareto-efficiency of steady states. Indivisibilities generate a continuum of inefficient and efficient steady states with varying "per capita" income. On the other hand, perfect divisibility typically implies the existence of a unique steady state distribution which is Pareto-efficient. Copyright The Review of Economic Studies Limited, 2003.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Blackwell Publishing in its journal Review of Economic Studies .
Volume (Year): 70 (2003)
Issue (Month): 2 (04)
Pages: 369-393
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:bla:restud:v:70:y:2003:i:2:p:369-393Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527
Order Information: Web: http://www.blackwellpublishing.com/subs.asp?ref=0034-6527
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Dilip Mookherjee & Debraj Ray, 2000.
"Contractual Structure and Wealth Accumulation ,"
Boston University - Institute for Economic Development
107, Boston University, Institute for Economic Development.
Other versions: Dilip Mookherjee & Debraj Ray, 2002.
"Is Equality Stable? ,"
American Economic Review ,
American Economic Association, vol. 92(2), pages 253-259, May.
[Downloadable!] (restricted)
Other versions: Galor, Oded & Zeira, Joseph, 1993.
"Income Distribution and Macroeconomics ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 60(1), pages 35-52, January.
[Downloadable!] (restricted)
Maoz, Yishay D & Moav, Omer, 1999.
"Intergenerational Mobility and the Process of Development ,"
Economic Journal ,
Royal Economic Society, vol. 109(458), pages 677-97, October.
[Downloadable!] (restricted)
repec:fth:bosecd:108 is not listed on IDEAS
Baland, Jean-Marie & Ray, Debraj, 1991.
"Why does asset inequality affect unemployment? A study of the demand composition problem ,"
Journal of Development Economics ,
Elsevier, vol. 35(1), pages 69-92, January.
[Downloadable!] (restricted)
Loury, Glenn C, 1981.
"Intergenerational Transfers and the Distribution of Earnings ,"
Econometrica ,
Econometric Society, vol. 49(4), pages 843-67, June.
[Downloadable!] (restricted)
Barro, Robert J, 1974.
"Are Government Bonds Net Wealth? ,"
Journal of Political Economy ,
University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
[Downloadable!] (restricted)
Dilip Mookherjee & Debraj Ray, 2003.
"Persistent Inequality ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(2), pages 369-393, 04.
[Downloadable!] (restricted)
Other versions: Becker, Gary S & Tomes, Nigel, 1979.
"An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility ,"
Journal of Political Economy ,
University of Chicago Press, vol. 87(6), pages 1153-89, December.
[Downloadable!] (restricted)
Ray, Debraj & Streufert, Peter A, 1993.
"Dynamic Equilibria with Unemployment Due to Undernourishment ,"
Economic Theory ,
Springer, vol. 3(1), pages 61-85, January.
Abhijit V. Banerjee & Andrew F. Newman, 1990.
"Occupational Choice and the Process of Development ,"
Discussion Papers
911, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Eren Inci, 2007.
"Occupational Choice and the Quality of Entrepreneurs ,"
Boston College Working Papers in Economics
666, Boston College Department of Economics.
[Downloadable!]
Maristella Botticini & Zvi Eckstein, 2006.
"Path Dependence and Occupations ,"
Carlo Alberto Notebooks
3, Collegio Carlo Alberto.
[Downloadable!]
Other versions: Dilip Mookherjee & Debraj Ray, 2000.
"Persistent Inequality ,"
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
dp-108, Boston University - Department of Economics, revised Oct 2002.
[Downloadable!]
Other versions: Ernesto Dal Bó & Pedro Dal Bó & Jason Snyder, 2007.
"Political Dynasties ,"
NBER Working Papers
13122, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Manuel Oechslin, 2006.
"Creditor Protection and the Dynamics of the Distribution in Oligarchic Societies ,"
DEGIT Conference Papers
c011_052, DEGIT, Dynamics, Economic Growth, and International Trade.
[Downloadable!]
Oded Galor & Omer Moav, 2004.
"From Physical to Human Capital Accumulation: Inequality and the Process of Development ,"
GE, Growth, Math methods
0410005, EconWPA.
[Downloadable!]
Other versions:
Galor, Oded & Moav, Omer, 1999.
"From Physical to Human Capital Accumulation: Inequality in the Process of Development ,"
CEPR Discussion Papers
2307, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Oded Galor & Omer Moav, 1999.
"From Physical to Human Capital Accumulation: Inequality in the Process of Development ,"
Working Papers
99-27, Brown University, Department of Economics.
[Downloadable!] Oded Galor & Omer Moav, 2004.
"From Physical to Human Capital Accumulation: Inequality and the Process of Development ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 71(4), pages 1001-1026, October.
[Downloadable!] (restricted) Maitreesh Ghatak & Massimo Morelli & Tomas Sjostrom, 2002.
"Credit Rationing, Wealth Inequality, and Allocation of Talent ,"
STICERD - Theoretical Economics Paper Series
441, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
[Downloadable!]
Shankha Chakraborty & Tridip Ray, 2003.
"The Development and Structure of Financial Systems ,"
University of Oregon Economics Department Working Papers
2003-2, University of Oregon Economics Department, revised 01 Dec 2003.
[Downloadable!]
Other versions: Kiminori Matsuyama, 2002.
"Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations ,"
CIRJE F-Series
CIRJE-F-186, CIRJE, Faculty of Economics, University of Tokyo.
[Downloadable!]
Other versions: Thorsten Vogel, 2006.
"Reassessing Intergenerational Mobility in Germany and the United States: The Impact of Differences in Lifecycle Earnings Patterns ,"
SFB 649 Discussion Papers
SFB649DP2006-055, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
[Downloadable!]
R. Andergassen & F. Nardini, 2004.
"Educational Choice, Endogenous Inequality and Economic Development ,"
Working Papers
503, Dipartimento Scienze Economiche, Università di Bologna.
[Downloadable!]
Other versions: James B. Ang, 2008.
"Finance And Inequality: The Case Of India ,"
CAMA Working Papers
2008-18, Australian National University, Centre for Applied Macroeconomic Analysis.
[Downloadable!]
Dilip Mookherjee & Debraj Ray, 2005.
"Occupational Diversity and Endogenous Inequality ,"
Boston University - Department of Economics - Working Papers Series
WP2005-022, Boston University - Department of Economics.
[Downloadable!]
Other versions: Maitreesh Ghatak & Massimo Morelli & Tomas Sjostrom, 2002.
"Credit Rationing, Wealth Inequality, and Allocation of Talent ,"
Economics Working Papers
0026, Institute for Advanced Study, School of Social Science.
[Downloadable!]
Roland Benabou, 2004.
"Inequality, Technology, and the Social Contract ,"
NBER Working Papers
10371, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Roland Bénabou, 2003.
"Inequality, Technology, and the Social Contract ,"
Working Papers
141, Princeton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics..
[Downloadable!] Bénabou, Roland, 2004.
"Inequality, Technology and the Social Contract ,"
CEPR Discussion Papers
4741, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Benabou, Roland, 2005.
"Inequality, Technology and the Social Contract ,"
Handbook of Economic Growth ,
in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 25, pages 1595-1638
Elsevier.
[Downloadable!] (restricted) Dilip Mookherjee & Debraj Ray, 2002.
"Contractual Structure and Wealth Accumulation ,"
American Economic Review ,
American Economic Association, vol. 92(4), pages 818-849, September.
[Downloadable!] (restricted)
Other versions: Manuel Oechslin, 2006.
"Creditor Protection and the Dynamics of the Distribution in Oligarchic Societies ,"
IEW - Working Papers
iewwp264, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Falilou Fall, 2005.
"Endogenous persistent inequality ,"
Cahiers de la Maison des Sciences Economiques
v05059, Université Panthéon-Sorbonne (Paris 1).
[Downloadable!]
Maitreesh Ghatak & Massimo Morelli & Tomas Sjoström, 2001.
"Credit rationing, wealth inequality, and allocation of talent ,"
ICER Working Papers - Applied Mathematics Series
23-2001, ICER - International Centre for Economic Research.
[Downloadable!]
Joanna Alexopoulos & Tiago V. de V. Cavalcanti, 2006.
"Cheap Home Goods And Persistent Inequality ,"
Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting]
165, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
[Downloadable!]
Kiminori Matsuyama, 2002.
"On the Rise and Fall of Class Societies ,"
CIRJE F-Series
CIRJE-F-173, CIRJE, Faculty of Economics, University of Tokyo.
[Downloadable!]
Other versions:
Access and
download statistics Did you know? It is the publishers that input data about their publications, as there is no staff at RePEc.
This page was last updated on 2008-8-11.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .