The Wealth Distribution in Bewley Economies with Capital Income Risk. Benhabib, J., Bisin, A., & Zhu, S. 159:489–515.
Paper doi abstract bibtex We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail.
@article{benhabibWealthDistributionBewley2015,
title = {The {{Wealth Distribution}} in {{Bewley Economies}} with {{Capital Income Risk}}},
author = {Benhabib, Jess and Bisin, Alberto and Zhu, Shenghao},
date = {2015},
journaltitle = {Journal of Economic Theory},
volume = {159},
pages = {489--515},
doi = {10.1016/j.jet.2015.07.013},
url = {https://doi.org/10.1016/j.jet.2015.07.013},
abstract = {We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail.},
file = {C\:\\Users\\lukis\\AppData\\Roaming\\Zotero\\Zotero\\Profiles\\h20ej2eu.default\\zotero\\storage\\4E467KPM\\Benhabib et al_2015_The Wealth Distribution in Bewley Economies with Capital Income Risk.pdf}
}
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