Dynamics of Income Distribution

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

No 76, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

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)
Pages: 31 pages
Date: 1999-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Canadian Journal of Economics, Volume 33, Issue 4, pages 937¨C961, November 2000

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Related works:
Working Paper: Dynamics of Income Distribution (2002)
Journal Article: Dynamics of income distribution (2000)
Journal Article: Dynamics of income distribution (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:76

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