Income Distribution Theory: A Survey of Selected Recent Contributions

Thomas Piketty

Chapter 2 in Contemporary Economic Issues, 1998, pp 25-38 from Palgrave Macmillan

Abstract: Abstract The field of income distribution theory has probably received more attention during the past five years than it had received during the previous 15–20 years. These developments were mostly motivated by the urgent need to move beyond representative-agent models and the development of new tools allowing tractable equilibrium modelling of heterogeneity between agents, but probably also by the dramatic recent development of income inequality both in developed and developing countries.

Keywords: Interest Rate; Income Distribution; Wage Earner; Wealth Distribution; Credit Constraint (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-26188-8_2

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DOI: 10.1007/978-1-349-26188-8_2

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