Modeling the Distribution and Intergenerational Transmission of Wealth; Contents; Introduction; 1. Long-Term Trends in American Wealth Inequality; 2. The Wealth of Testators and Its Distribution: Butler County, Ohio, 1803-65; 3. The Perpetuation of Wealth: A Simulation Model; 4. The Importance of...

We study a small open economy displaying Pareto-distributed wealth resulting from random death. The government runs a distribution scheme on inheritance. We present the mathematical background that allows to study the dynamics of means. We end up with ordinary differential equations for the mean...

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per student while being bound by teachers’ collective...

This paper examines the role of public education in the context of parental migration, and it studies the effects of an expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy may exacerbate income inequality in the long run...