Dynamics of Income Distribution

Hongyi Li, Danyang Xie and Heng-Fu Zou
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Hongyi Li: Chinese University of Hong Kong

GE, Growth, Math methods from EconWPA

Abstract: In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure is simultaneously consistent with facts on growth and income inequality. Our empirical findings give support to models with decreasing returns in the reproducible factor.

Keywords: Income Distribution; Economic Growth (search for similar items in EconPapers)
JEL-codes: D3 O1 O4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-dge
Date: 2002-10-04
Note: Type of Document - PDF; prepared on PC; to print on HP; pages: 31; figures: Included
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http://129.3.20.41/eps/ge/papers/0210/0210001.pdf (application/pdf)

Related works:
Journal Article: Dynamics of income distribution (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0210001

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