The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...

The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: <OL> <LI>heterogeneity of consumers with respect to wealth and parental human capital; <LI>intergenerational transfers,...</li></li></ol>