Income Distribution in Macroeconomic Models / / Reto Foellmi, Giuseppe Bertola, Josef Zweimüller.

• Superior document: Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
• VerfasserIn: Bertola, Giuseppe,; Foellmi, Reto,; Zweimüller, Josef,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2014]; ©2005
• Year of Publication: 2014
• Edition: Course Book
• Language: English
• Physical Description: 1 online resource (456 p.) :; 29 line illus.
• Other title: Frontmatter --; Contents --; Introduction --; Part One. Aggregate Growth and Individual Savings --; CHAPTER ONE. Production and Distribution of Income in a Market Economy --; CHAPTER TWO. Exogenous Savings Propensities --; CHAPTER THREE. Optimal Savings --; CHAPTER FOUR. Factor Income Distribution --; CHAPTER FIVE. Savings and Distribution with Finite Horizons --; CHAPTER SIX. Factor Shares and Taxation in the OLG Model --; Part Two. Financial Market Imperfections --; CHAPTER SEVEN. Investment Opportunities and the Allocation of Savings --; CHAPTER EIGHT. Risk and Financial Markets --; CHAPTER NINE. Uninsurable Income Shocks --; Part Three. Many Goods --; CHAPTER TEN. Distribution and Market Power --; CHAPTER ELEVEN. Indivisible Goods and the Composition of Demand --; CHAPTER TWELVE. Hierarchic Preferences --; CHAPTER THIRTEEN. Dynamic Interactions of Demand and Supply --; Solutions to Exercises --; References --; Index
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9781400865093; 9783110442502
• DOI: 10.1515/9781400865093
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: Reto Foellmi, Giuseppe Bertola, Josef Zweimüller.

This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.