A simple model of inequality, occupational choice, and development

被引:55
|
作者
Ghatak, M [1 ]
Jiang, NNH
机构
[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA
[2] Vanderbilt Univ, Dept Econ, Nashville, TN 37235 USA
关键词
wealth inequality; occupational choice; poverty traps;
D O I
10.1016/S0304-3878(02)00059-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze a simple and tractable model of occupational choice in the presence of credit market imperfections. We examine the effect of parameters governing technology and transaction costs, and history, in terms of the initial wealth distribution, in determining the long-term wealth distribution and the level of per capita income of an economy. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:205 / 226
页数:22
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