The Wealth Distribution in Bewley Economies with Capital Income Risk. Benhabib, J., Bisin, A., & Zhu, S. Journal of Economic Theory, 159:489–515, 2015.
Link doi abstract bibtex 5 downloads 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{Benhabibetal2015,
title = {The Wealth Distribution in Bewley Economies with Capital Income Risk},
author = {Benhabib, Jess and Bisin, Alberto and Zhu, Shenghao},
year = {2015},
journal = {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.},
keywords = {Determinants of Wealth and Wealth Inequality}
}
Downloads: 5
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