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Comments on `Dynamics of income distribution'

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Author Info
Liutang Gong

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Abstract

Using the Ramsey-Cass-Koopmans model with heterogeneous agents, this note presents the explicit relationship between the individual's asset holding and the aggregate capital stock. With the aid of this relationship, is examined the dynamics of income distribution as the economy expands. Finally, some examples are presented, contrary to the conjecture made in Li, Xie, and Zou (2000), showing that the income can still improve over time, even when the aggregate production function is convex.

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File URL: http://economics.ca/cgi/xms?jab=v36n4/12.pdf
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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 36 (2003)
Issue (Month): 4 (November)
Pages: 1026-1033
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Handle: RePEc:cje:issued:v:36:y:2003:i:4:p:1026-1033

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D3 - Microeconomics - - Distribution
O1 - Economic Development, Technological Change, and Growth - - Economic Development
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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This page was last updated on 2009-11-25.

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