The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2010

The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments

Résumé

Several contributions have already pointed out that initial wealth in- equalities do persist in the long run in the Ramsey model with heteroge- nous agents. We show that this result is not robust to the introduction of endogenous fertility. Our argument builds on the Barro-Becker (1989) seminal model extended to allow for heterogenous agents with dierent capital endowments. Strikingly enough, individual consumption levels, fertility rates and capital stocks are shown to be equalized after only one adjustment period. This property is shown to hold irrespective of the production sector specication.
Fichier principal
Vignette du fichier
DTGREQAM2010-21.pdf (324.45 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00503195 , version 1 (16-07-2010)

Identifiants

  • HAL Id : halshs-00503195 , version 1

Citer

Stefano Bosi, Raouf Boucekkine, Thomas Seegmuller. The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments. 2010. ⟨halshs-00503195⟩
155 Consultations
205 Téléchargements

Partager

Gmail Facebook X LinkedIn More