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Comments on `Dynamics of income distribution'


  • Liutang Gong


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.

Suggested Citation

  • Liutang Gong, 2003. "Comments on `Dynamics of income distribution'," Canadian Journal of Economics, Canadian Economics Association, vol. 36(4), pages 1026-1033, November.
  • Handle: RePEc:cje:issued:v:36:y:2003:i:4:p:1026-1033

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    More about this item

    JEL classification:

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


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