Income Distribution in Macroeconomic Models

Giuseppe Bertola, Reto Foellmi, Josef Zweimüller

422 pages, parution le 31/01/2006

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Résumé

This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions.

The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.

L'auteur - Giuseppe Bertola

Giuseppe Bertola is Professor of Economics at the University of Turin.

L'auteur - Reto Foellmi

Reto Foellmi is Assistant Professor of Economics at the University of Zurich.

L'auteur - Josef Zweimüller

Josef Zweimüller is Professor of Economics at the University of Zurich.

Sommaire

Introduction
Aggregate Growth and Individual Savings
Financial Market Imperfections
Solutions to Exercises
References
Index

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Princeton University Press
Auteur(s)	Giuseppe Bertola, Reto Foellmi, Josef Zweimüller
Parution	31/01/2006
Nb. de pages	422
Format	16 x 24
Couverture	Relié
Poids	767g
Intérieur	Noir et Blanc
EAN13	9780691121710
ISBN13	978-0-691-12171-0