A Theory of Wealth Distribution and Accumulation
This volume provides the micro-foundations of a macroeconomic theory of income distribution and of the accumulation and distribution of wealth. Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.
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|This book is provided by Oxford University Press in its series OUP Catalogue with number 9780198233138 and published in 1991.|
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