The effect of better information on income inequality

DOI10.1007/S00199-006-0120-8MaRDI QIDQ2373373zbMATH OpenOpenAlexFDO

Authors Bernhard Eckwert, Itzhak Zilcha

Publication date 19 July 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://www.cesifo.org/DocDL/cesifo_wp969.pdf

zbMATH Keywords

agentdistributionsharing market

Mathematics Subject Classification ID

KdV equations (Korteweg-de Vries equations) (35Q53)

Review text

The authors develop a model for the effect of better information in income inequality. The model is developed with a solid theoretical foundation with theorems and lemmas. Existence, uniqueness and stability are defined with a nice theorem presentation. The only drawback of the paper is that there is no numerical experiment to validate the theory.

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Cites work

• An expository note on individual risk without aggregate uncertainty
• Comparing location experiments
• Efficiency of an Information System in an Agency Model
• Equity and Efficiency in Human Capital Investment: The Local Connection
• Equivalent Comparisons of Experiments
• scientific article; zbMATH DE number 3068103 (Why is no real title available?)
• Income Distribution and Macroeconomics
• Information Acquisition in Auctions
• Intergenerational Transfers and the Distribution of Earnings
• Macrodynamic implications of income-transfer policies for human capital investment and school effort
• Ranking of information systems in agency models: an integral condition
• Schumpeterian Growth Theory and the Dynamics of Income Inequality
• The distribution of human capital and economic growth
• The value of information in production economies
• Value of Information with Sequential Futures Markets
• Weak measurability and characterizations of risk

Cited in

(7)

• Higher education funding: the value of information
• Economic implications of better information in a dynamic framework
• Information and inequality
• The Demand for Information and the Distribution of Income
• A model of employment outcomes illustrating the effect of the structure of information on the level and distribution of income
• scientific article; zbMATH DE number 910779 (Why is no real title available?)
• Pre-match investment with frictions

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