Maliar, Lilia; Maliar, Serguei; Mora, Juan - In: Topics in Macroeconomics 5 (2005) 1, pp. 1238-1238
This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize distributive...