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Fertility, Social Mobility and Long Run Inequality: Barro-Becker Families in a Bewley World

Marla Ripoll () and Juan Cordoba

No 1326, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: rich individuals have less number of children. Key to the result is that the elasticity of intergenerational substitution is larger than one. We study the implications for long run inequality.

Date: 2014
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More papers in 2014 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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