Occupational Choice and Inequality Traps
AbstractThe paper presents a model where individuals decide to become workers or entrepreneurs in the presence of capital constraints and where individuals differ in wealth levels.� The model shows that the higher the initial level of inequality in wealth is, the lower the long run aggregate wealth of the economy and the higher the long run inequality will be.
Download InfoIf 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.
Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number CSAE WPS/2010-08.
Date of creation: 01 Feb 2010
Date of revision:
Occupational choice; Wealth distribution and inequality;
Find related papers by JEL classification:
- D9 - Microeconomics - - Intertemporal Choice and Growth
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: (Caroline Wise).
If references are entirely missing, you can add them using this form.