IDEAS home Printed from
   My bibliography  Save this article

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. JEL classification: D3, O1, O4 Commentaires sur « Dynamique de la distribution du revenu ». A l’aide d’un modèle de type Ramsey‐Cass‐Koopmans avec des agents hétérogènes, cette note présente la relation explicite entre le stock d’actif détenu par l’individu et le stock de capital agrégé. A l’aide de cette relation, on examine la dynamique de la distribution du revenu à proportion que l’économie croît. Enfin certains exemples sont présentés qui contredisent la conjecture proposée par Li, Xie et Zou (2000)à savoir que le revenu peut s’accroître dans le temps même quand la fonction de production agrégée est convexe.

Suggested Citation

  • Liutang Gong, 2003. "Comments on ‘Dynamics of income distribution’," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(4), pages 1026-1033, November.
  • Handle: RePEc:wly:canjec:v:36:y:2003:i:4:p:1026-1033
    DOI: 10.1111/1540-5982.t01-2-00012

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:

    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:canjec:v:36:y:2003:i:4:p:1026-1033. 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: (Wiley Content Delivery). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.