The dynamics of wealth inequality under endogenous fertility: A remark on the Barro-Becker model with heterogenous endowments

Stefano Bosi (), Raouf Boucekkine () and Thomas Seegmuller
Additional contact information
Stefano Bosi: THEMA - Théorie économique, modélisation et applications - UCP - Université de Cergy Pontoise - Université Paris-Seine - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: Several contributions have already pointed out that initial wealth in- equalities do persist in the long run in the Ramsey model with heteroge- nous agents. We show that this result is not robust to the introduction of endogenous fertility. Our argument builds on the Barro-Becker (1989) seminal model extended to allow for heterogenous agents with dierent capital endowments. Strikingly enough, individual consumption levels, fertility rates and capital stocks are shown to be equalized after only one adjustment period. This property is shown to hold irrespective of the production sector specication.

Keywords: endogenous fertility; heterogeneous households; optimal growth (search for similar items in EconPapers)
Date: 2010-07-16
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00503195v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://shs.hal.science/halshs-00503195v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-00503195

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().