Poverty trap models are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal … deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own …

Using HIES 2000 data, the paper presents asset based poverty information so that it is possible to provide incentives … measurements and other methods are available to characterise households under poverty, asset based measurements provide a new … insight into poverty and related welfare studies. By applying fractional polynomial regression, it is found that there is a …

implications. A growth policy simultaneously reduces wealth inequality in the economy. The benefits and burdens of the underlying …

From an economic perspective, imposing a credible one-off net wealth levy in crisis times as a tool to ward off a …

history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on … sustainability-focused wealth accounts. Typical bookend assumptions of the social planner optimally managing natural capital versus …. This chapter develops theory and techniques for measuring natural capital shadow prices or asset values in real world …

find that the tax–transfer scheme positively affects growth while simultaneously reducing wealth inequality in the economy …

. The HFCS provides household-level data on assets, liabilities, wealth and income. As such, it plays an important role in …

constrained-efficient allocation of an Aiyagari economy with a fat-tailed wealth distribution. We find that the constrained …-efficient allocation features more wealth inequality than the competitive equilibrium …