Coenen, Günter (contributor); Straub, Roland (contributor) - 2005
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All rights …
w,t
. (15)
2.1.4 Aggregation
The aggregate level in per-capita terms of any household-specific variable X
h,t
is given … by
X
t
=
integraltext
1
0
X
h,t
dh =(1−ω)X
i,t
+ωX
j,t
, as households in each of the two groups are identical.
Hence …