Title: THE DISTRIBUTION OF WEALTH IN THE BLANCHARD–YAARI MODEL
Abstract: We study the dynamics of the distribution of wealth in an economy with infinitely lived agents, intergenerational transmission of wealth, and redistributive fiscal policy. We show that wealth accumulation with idiosyncratic investment risk and uncertain lifetimes can generate a double Pareto wealth distribution.
Publication Year: 2014
Publication Date: 2014-04-10
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 69
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