Theory of Wealth Distribution and Accumulation

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Product details

  • ISBN 9780198233138
  • Weight: 638g
  • Dimensions: 163 x 242mm
  • Publication Date: 10 Jan 1991
  • Publisher: Oxford University Press
  • Publication City/Country: GB
  • Product Form: Hardback
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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.