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Occupational Choice and Inequality Traps

Author

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  • Roxana Gutiérrez-Romero

Abstract

The 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.

Suggested Citation

  • Roxana Gutiérrez-Romero, 2010. "Occupational Choice and Inequality Traps," CSAE Working Paper Series 2010-08, Centre for the Study of African Economies, University of Oxford.
  • Handle: RePEc:csa:wpaper:2010-08
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    File URL: http://www.csae.ox.ac.uk/materials/papers/2010-08text.pdf
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    More about this item

    Keywords

    Occupational Choice; Wealth distribution and Inequality;

    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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