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Income Distribution Theory: A Survey of Selected Recent Contributions

In: Contemporary Economic Issues

Author

Listed:
  • Thomas Piketty

    (Massachusetts Institute of Technology
    CNRS-Cepremap)

Abstract

The field of income distribution theory has probably received more attention during the past five years than it had received during the previous 15–20 years. These developments were mostly motivated by the urgent need to move beyond representative-agent models and the development of new tools allowing tractable equilibrium modelling of heterogeneity between agents, but probably also by the dramatic recent development of income inequality both in developed and developing countries.

Suggested Citation

  • Thomas Piketty, 1998. "Income Distribution Theory: A Survey of Selected Recent Contributions," International Economic Association Series, in: Yair Mundlak (ed.), Contemporary Economic Issues, chapter 2, pages 25-38, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26188-8_2
    DOI: 10.1007/978-1-349-26188-8_2
    as

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