| アイテムタイプ |
デフォルトアイテムタイプ(フル)その2(1) |
| 公開日 |
2017-05-20 |
| タイトル |
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タイトル |
Persistent Inequality |
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言語 |
en |
| 作成者 |
Mookherjee, Dilip
Ray, Debraj
| en |
Ray, Debraj
New York University
|
| es |
Instituto de Análisis Económico (CSIC)
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Search repository
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| 寄与者 |
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寄与者タイプ |
Editor |
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姓名 |
世代間問題研究プロジェクト(世代間利害調整) = Setting Options for Fair Distribution of Well-being among Different Generations, Project on Intergenerational Equity |
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言語 |
en |
| アクセス権 |
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アクセス権 |
open access |
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アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 内容記述 |
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内容記述タイプ |
Other |
|
内容記述 |
This version: September 2001 |
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言語 |
en |
| 内容記述 |
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内容記述タイプ |
Abstract |
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内容記述 |
Existing literature explains persistent inequality either by ongoing shocks to abilities or preferences, or by a combination of technological indivisibilities, capital market imperfections and ad hoc assumptions concerning savings behavior. We focus on the role of pecuniary externalities - driven by endogenous movements in relative prices - in explaining both the emergence and persistence of long-run inequality. With imperfect capital markets, it turns out that long-run inequality is inevitable, even if investments are divisible, agents maximize dynastic utility, and there are no random shocks. However, the divisibility of investment does matter in determining the multiplicity of steady states: with perfect divisibility such multiplicity typically disappears. We subsequently characterize efficient steady states, and study non-steady-state dynamics in a two occupation context. |
| 出版者 |
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出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
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日付 |
2002-02 |
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日付タイプ |
Issued |
| 言語 |
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言語 |
eng |
| 資源タイプ |
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資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
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出版タイプ |
VoR |
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出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
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関連タイプ |
isPartOf |
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関連名称 |
Discussion Paper ; No. 57 |
| 関連情報 |
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識別子タイプ |
URI |
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関連識別子 |
http://www.ier.hit-u.ac.jp/pie/stage1/Japanese/top.html |
| 収録物識別子 |
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収録物識別子タイプ |
NCID |
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収録物識別子 |
AA11851730 |
| ページ数 |
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ページ数 |
52 |
| Sponsorship |
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|
値 |
科学研究費補助金(特定領域研究) = Grant-in-Aid for Scientific Research on Priority Areas |