Occupational Choice and Inequality Traps

Roxana Gutiérrez-Romero

No 2010-08, CSAE Working Paper Series from Centre for the Study of African Economies, University of Oxford

Abstract: The paper presents a model where individuals decide to become workers or entrepreneurs in the presence of capital constraints and where individuals differ in wealth levels. The model shows that the higher the initial level of inequality in wealth is, the lower the long run aggregate wealth of the economy and the higher the long run inequality will be.

Keywords: Occupational Choice; Wealth distribution and Inequality (search for similar items in EconPapers)
JEL-codes: D31 D50 D9 (search for similar items in EconPapers)
Date: 2010
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