Thomas Piketty and the rate of time preference

DOI10.1016/J.JEDC.2017.02.006MaRDI QIDQ1655650zbMATH OpenOpenAlexFDO

Authors Thomas Fischer

Publication date 9 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://project.nek.lu.se/publications/workpap/papers/wp17_1.pdf

zbMATH Keywords

dynamic efficiencyfat tailsoptimal control pathwealth inequality

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic models in economics (91B70) Optimal stochastic control (93E20)

Recommendations

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Cites work

• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Prices in an Exchange Economy
• Incomplete market dynamics and cross-sectional distributions
• Instability and concentration in the distribution of wealth
• Optimum Social Security in a Life-Cycle Growth Model
• The distribution of wealth and fiscal policy in economies with finitely lived agents
• The General Theory of Employment, Interest, and Money
• The global decline of the labor share
• The permanent income hypothesis: A theoretical formulation
• The risk-free rate in heterogeneous-agent incomplete-insurance economies

Cited in

(4)

• Heterogeneous time preferences and the distribution of wealth
• Wealth distribution, elasticity of substitution and Piketty: an `anti-dual' Pasinetti economy
• Unemployment and income‐distribution effects of economic growth: A minimum‐wage analysis with optimal saving
• On the real rate of interest in a closed economy

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