Income Distribution and Macroeconomics: Convex Technology and the Role of Intergenerational Transfers

Hebrew University of Jerusalem Dept. of Economics Working Paper No. 8-1998

10 Pages Posted: 28 Dec 2000

See all articles by Omer Moav

Omer Moav

University of Warwick - Department of Economics; Centre for Economic Policy Research (CEPR)

Date Written: November 1998

Abstract

I show that non-convexities in technology, assumed in the capital market imperfection literature on the relationship between income distribution and economic growth, can be replaced by an assumption that the bequest function is convex with respect to income.

Keywords: Growth, Wealth Distribution, Human Capital

JEL Classification: D31, O40, J24

Suggested Citation

Moav, Omer, Income Distribution and Macroeconomics: Convex Technology and the Role of Intergenerational Transfers (November 1998). Hebrew University of Jerusalem Dept. of Economics Working Paper No. 8-1998. Available at SSRN: https://ssrn.com/abstract=254448 or http://dx.doi.org/10.2139/ssrn.254448

Omer Moav (Contact Author)

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom

HOME PAGE: http://www2.warwick.ac.uk/fac/soc/economics/staff/academic/moav

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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