Does growth promote Equality? A Note on Piketty's capital on the twenty-first century

A simple model of the distribution of wealth is presented. In such a model the distribution of wealth follows a Pareto type II distribution whose parameters depend on the growth rates discussed in the book. Compared to previous studies of the asymptotic distribution of wealth in economies subject to multiplicative random shocks, our model can make the argument that growth promotes equality accessible to a larger audience.

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Year of publication:	2014-09-28
Authors:	Rodriguez, Alvaro
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 34.2014, 3, p. 2044-2050
Publisher:	AccessEcon
Subject:	Distribution of wealth \| Economic growth \| Pareto Distribution \| Piketty

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Extent:	application/pdf
Type of publication:	Article
Classification:	D3 - Distribution ; E1 - General Aggregative Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011039052