Wealth inequality and financial development: revisiting the symmetry breaking mechanism

DOI10.1007/S00199-016-0977-0MaRDI QIDQ523068zbMATH OpenOpenAlexFDO

Authors Haiping Zhang

Publication date 20 April 2017

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://ink.library.smu.edu.sg/soe_research/1781

zbMATH Keywords

symmetry breakingfinancial frictionsfinancial globalizationminimum investment requirementswealth inequality

Mathematics Subject Classification ID

Economic growth models (91B62) Actuarial science and mathematical finance (91G99)

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Cites work

• A Theory of Debt Based on the Inalienability of Human Capital
• A Theory of Trickle-Down Growth and Development
• Entry costs, industry structure, and cross-country income and TFP differences
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• Income Distribution and Macroeconomics
• Income and wealth distribution in a simple model of growth
• International capital flows in the model with limited commitment and incomplete markets
• Lotteries, inequality, and market imperfection: Galor and Zeira go gambling
• Sources of TFP growth: occupational choice and financial deepening
• Strategic saving decisions in the infinite-horizon model
• The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing

Cited in

(4)

• A financial CCAPM and economic inequalities
• Endogenous inequality of nations through financial asset market integration
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• Finance, inequality and the poor

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