A Representative Consumer Theory of Distribution

Francesco Caselli and Jaume Ventura

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: This paper shows that growth models featuring the representative consumer (RC) assumption can generate rich dynamics for the cross- sections of consumption, wealth and income.

Keywords: CONSUMPTION; THEORY; ECONOMIC GROWTH; WEALTH (search for similar items in EconPapers)
JEL-codes: D30 D33 O40 O49 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1996
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Citations: View citations in EconPapers (19)

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Journal Article: A Representative Consumer Theory of Distribution (2000)
Working Paper: A Representative Consumer Theory of Distribution (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:mit:worpap:96-11

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