Risk-Bearing and the Theory of Income Distribution

DOI10.2307/2297965zbMATH Open0726.90017OpenAlexW2262566376MaRDI QIDQ3348672FDOQ3348672

Authors: Abhijit Banerjee, Andrew Newman 

Publication date: 1991

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/877.pdf

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zbMATH Keywords

Markov processincome distributionincomplete insurancegrowth with altruismstationary theory of distribution

Mathematics Subject Classification ID

Economic growth models (91B62)

Cited In (30)

• A Becker-Tomes model with investment risk
• Income inequality and risk taking: the impact of social comparison information
• The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies
• IDIOSYNCRATIC AND AGGREGATE RISKS, INEQUALITY AND GROWTH
• Creditor protection and the dynamics of the distribution in oligarchic societies
• Risk-bearing and entrepreneurship
• Dynastic accumulation of wealth
• Occupational choice, incentives and wealth distribution
• Measurement of relative inequity and Yaari's dual theory of risk.
• Risk aversion and social mobility: The implausibility of order-preserving income redistributions
• Credit and risk in rural developing economies
• Introduction to inequality and risk
• Lotteries, inequality, and market imperfection: Galor and Zeira go gambling
• Ergodic inequality
• Risk aversion in a model of endogenous growth
• Choosing to keep up with the Joneses and income inequality
• Minding the gap between schools and universities
• Adverse selection and entrepreneurship in a model of development
• Growth, income distribution, and democracy: what the data say
• Risky higher education and subsidies
• Aggregate risk and wage dispersion
• The allocation of public funds in a hierarchical educational system
• Incomplete market dynamics and cross-sectional distributions
• Credit and self-employment
• Factor Mobility, Risk and Redistribution in the Welfare State
• The wealth distribution in Bewley economies with capital income risk
• Entrepreneurship and firm heterogeneity with limited enforcement
• Inequality and risk aversion in economies open to altruistic attitudes
• Markov-perfect equilibria in intergenerational games with consistent preferences
• Incomplete-market dynamics in a neoclassical production economy

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