Placeholder text

Go to cart

Income Distribution in Macroeconomic Models

By Giuseppe Bertola

Income Distribution in Macroeconomic Models

By Giuseppe Bertola

0 - Default Title
Description
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions.
The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Product details
Binding:
Paperback
Edition:
1
Number of Pages:
440
Release Date:
2014-09-28
Publication Date:
2014-09-28
Publisher:
Princeton University Press
Languages:
Original: English
ISBN10:
0691164592
ISBN13:
9780691164595
Weight:
744 g
Height:
156 cm
Width:
234 cm
Thickness:
26 cm
Currently sold out