Age, luck, and inheritance /
We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model with optimizing agents who have bequest motives, are subject to stochastic returns on capital and have uncertain lifespans. We disentangle, roughly, the contribution of inheritance,...
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| Format: | Book |
| Language: | English |
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Cambridge, MA :
National Bureau of Economic Research,
c2008
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 14128 |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
H11.N27534 no.14128 |
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