Advanced Search
MyIDEAS: Login to save this paper or follow this series

Heterogeneous Agents, Distribution and Growth

Contents:

Author Info

  • Paquin, Lloyd
Registered author(s):

    Abstract

    We modify the Uzawa-Lucas representative agent model of endogenous economic growth to allow for a variety of differences among households: differences in their tastes, in their human capital production technologies, and in their initial endowments. Some differences are incompatible with the existence of a steady- state equilibrium, while others have no effect upon the steady-state growth rate. However, a variety of differences give rise to inequalities in the distribution of income and to variations in the steady-state rate of growth. Furthermore, a redistributive tax and transfer policy can have a significant impact upon the steady-state level of investment in human capital and, thus, upon the rate of economic growth.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ecn.ulaval.ca/w3/recherche/cahiers/1999/9913.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Université Laval - Département d'économique in its series Cahiers de recherche with number 9913.

    as in new window
    Length:
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:lvl:laeccr:9913

    Contact details of provider:
    Postal: Pavillon J.A. De Sève, Québec, Québec, G1K 7P4
    Phone: (418) 656-5122
    Fax: (418) 656-2707
    Email:
    Web page: http://www.ecn.ulaval.ca
    More information through EDIRC

    Related research

    Keywords: Uzawa-Lucas; Endogenous growth; Heterogenous agents; Steady state; Agent characteristics and Growth; Redistribution and Growth;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:lvl:laeccr:9913. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Johanne Perron).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.