Dynamics of income distribution

Hongyi Li (), Danyang Xie and Heng-Fu Zou ()

Canadian Journal of Economics, 2000, vol. 33, issue 4, 937-961

Abstract: In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of the 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.

JEL-codes: D3 O1 O4 (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (24)

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Related works:
Working Paper: Dynamics of Income Distribution (2002)
Journal Article: Dynamics of income distribution (2000)
Working Paper: Dynamics of Income Distribution (1999)
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