Income Distribution and Macroeconomics: The Persistence of Inequality in a Convex Technology Framework

Posted: 9 Sep 2002

See all articles by Omer Moav

Omer Moav

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

Abstract

I show that non-convexities in technology, assumed in the capital market imperfection literature on the relationship between income distribution and economic development, 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, J24

Suggested Citation

Moav, Omer, Income Distribution and Macroeconomics: The Persistence of Inequality in a Convex Technology Framework. Economics Letters, Vol. 75, pp. 187-192, April 2002. Available at SSRN: https://ssrn.com/abstract=326120

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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