Heer, Burkhard; Maussner, Alfred - Society for Computational Economics - SCE - 2005
with aggregate uncertainty. A positive technology shock increases the concentration of wealth as measured by the Gini …. In addition, we find that the business cycle dynamics in the OLG model in response to both a technology shock and a … coefficient considerably. In particular, a one percent increase of the technology level results in a one percent increase of the …