The dynamics of Pareto distributed wealth in a small open economy

DOI10.1007/S00199-022-01471-ZzbMATH Open1522.91161OpenAlexW3184793688MaRDI QIDQ6074840FDOQ6074840

Authors: Matthias Birkner, Niklas Scheuer, Klaus Wälde 

Publication date: 19 September 2023

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-022-01471-z

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zbMATH Keywords

stochastic differential equationwealthgovernment budgetanalytical dynamics of mean and distribution

Mathematics Subject Classification ID

Applications of stochastic analysis (to PDEs, etc.) (60H30) Economic growth models (91B62) Welfare economics (91B15)

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Cited In (9)

• Economic interactions and the distribution of wealth
• Determination of Pareto Exponents in Economic Models Driven by Markov Multiplicative Processes
• On the distribution of lifetime wealth accumulation
• The distribution of wealth and fiscal policy in economies with finitely lived agents
• Scale economies, perverse comparative statics results, the Marshallian stability and the long-run equilibrium for a small open economy
• The wealth distribution in Bewley economies with capital income risk
• The invariant distribution of wealth and employment status in a small open economy with precautionary savings
• Left and right: a tale of two tails of the wealth distribution
• Analysis of a model that leads to the Pareto law of wealth distribution

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