Does growth promote Equality? A Note on Piketty's capital on the twenty-first century

Alvaro Rodriguez (alvaror@andromeda.rutgers.edu)

Economics Bulletin, 2014, vol. 34, issue 3, 2044-2050

Abstract: A simple model of the distribution of wealth is presented. In such a model the distribution of wealth follows a Pareto type II distribution whose parameters depend on the growth rates discussed in the book. Compared to previous studies of the asymptotic distribution of wealth in economies subject to multiplicative random shocks, our model can make the argument that growth promotes equality accessible to a larger audience.

Keywords: Distribution of wealth; Economic growth; Pareto Distribution; Piketty (search for similar items in EconPapers)
JEL-codes: D3 E1 (search for similar items in EconPapers)
Date: 2014-09-28
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