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This volume provides the micro-foundations of a macroeconomic theory of income distribution and of the accumulation and distribution of wealth. Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.

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Book Details

ISBN: 9780198233138
ISBN-10: 0198233132
Format: Hardback
(242mm x 163mm x 22mm)
Pages: 298
Imprint: Clarendon Press
Publisher: Oxford University Press
Publish Date: 10-Jan-1991
Country of Publication: United Kingdom

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