Income and Wealth Heterogeneity in the Macroeconomic

Per Krusell and Anthony Smith

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: How do movements in the distribution of income and wealth affect the macroeconomy? We analyze this question theoretically, using numerical methods, in the context of a calibrated version of the stochastic growth model with partially uninsurable idiosyncratic risk and movements in aggregate productivity.

Keywords: INCOME DISTRIBUTION; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: D31 E44 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1995
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Income and Wealth Heterogeneity in the Macroeconomy (1998)
Working Paper: Income and Wealth Heterogeneity in the Macroeconomy
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Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:399

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