TY  - BOOK
AU  - Bertola,Giuseppe
AU  - Foellmi,Reto
AU  - Zweimüller,Josef
TI  - Income Distribution in Macroeconomic Models
SN  - 9780691121710
PY  - 2014///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - BUSINESS & ECONOMICS / Economics / Macroeconomics
KW  - bisacsh
N1  - Frontmatter --; Contents --; Introduction --; Part One. Aggregate Growth and Individual Savings --; CHAPTER ONE. Production and Distribution of Income in a Market Economy --; CHAPTER TWO. Exogenous Savings Propensities --; CHAPTER THREE. Optimal Savings --; CHAPTER FOUR. Factor Income Distribution --; CHAPTER FIVE. Savings and Distribution with Finite Horizons --; CHAPTER SIX. Factor Shares and Taxation in the OLG Model --; Part Two. Financial Market Imperfections --; CHAPTER SEVEN. Investment Opportunities and the Allocation of Savings --; CHAPTER EIGHT. Risk and Financial Markets --; CHAPTER NINE. Uninsurable Income Shocks --; Part Three. Many Goods --; CHAPTER TEN. Distribution and Market Power --; CHAPTER ELEVEN. Indivisible Goods and the Composition of Demand --; CHAPTER TWELVE. Hierarchic Preferences --; CHAPTER THIRTEEN. Dynamic Interactions of Demand and Supply --; Solutions to Exercises --; References --; Index; restricted access; Issued also in print
N2  - This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview
UR  - https://doi.org/10.1515/9781400865093
UR  - https://www.degruyter.com/isbn/9781400865093
UR  - https://www.degruyter.com/cover/covers/9781400865093.jpg
ER  -