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The wealth distribution in Bewley economies with investment risk
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - 2014
Persistent link: https://www.econbiz.de/10010365202
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The wealth distribution in Bewley economies with capital income risk
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - In: Journal of economic theory 159 (2015), pp. 489-515
Persistent link: https://www.econbiz.de/10011549136
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The distribution of wealth and fiscal policy in economies with finitely lived agents
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - In: Econometrica : journal of the Econometric Society, an … 79 (2011) 1, pp. 123-157
Persistent link: https://www.econbiz.de/10008934072
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The Wealth Distribution in Bewley Models with Investment Risk
Benhabib, Jess - 2014
We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail; more precisely, a Pareto distribution in...
Persistent link: https://www.econbiz.de/10013050174
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The distribution of wealth in the Blanchard-Yaari model
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - In: Macroeconomic dynamics 20 (2016) 2, pp. 466-481
Persistent link: https://www.econbiz.de/10011577311
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The Wealth Distribution in Bewley Models with Investment Risk
Benhabib, Jess - 2014
We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail; more precisely, a Pareto distribution in...
Persistent link: https://www.econbiz.de/10012458507
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The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - In: Econometrica 79 (2011) 1, pp. 123-157
Persistent link: https://www.econbiz.de/10009216133
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The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - In: Econometrica : journal of the Econometric Society, an … 79 (2011) 1, pp. 123-158
Persistent link: https://www.econbiz.de/10008786097
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The Wealth Distribution in Bewley Models with Investment Risk
Benhabib, Jess; Bisin, Alberto; Zhu, Shenghao - National Bureau of Economic Research (NBER) - 2014
We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that under rather general conditions on the stochastic structure of the economy, a unique ergodic distribution of wealth displays a fat tail; more precisely, a Pareto distribution in...
Persistent link: https://www.econbiz.de/10010821779
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The Wealth Distribution in Bewley Models with Investment Risk
Zhu, Shenghao; Bisin, Alberto; Benhabib, Jess - Society for Economic Dynamics - SED - 2014
We study the wealth distribution in Bewley economies with idiosyncratic capital income risk (entrepreneurial risk). We find, under rather general conditions, a unique ergodic distribution of wealth which displays fat tails (a Pareto distribution in the right tail).
Persistent link: https://www.econbiz.de/10011085141