Income and Wealth Distribution in a Neoclassical Two-Sector Heterogeneous-Households Growth Model with Elastic Labor Supply and Consumer Durable Goods
This paper proposes a two-sector two-group growth model with elastic labor supply and consumer durable goods. We study dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. The model is built on the Uzawa two-sector model...
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| Format: | Article |
| Language: | English |
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Editura ASE
2017-06-01
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| Series: | Management and Economics Review |
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| Online Access: | http://mer.ase.ro/files/2017-1/9.pdf |