On the long-run wealth distribution in a Ramsey model with heterogeneous households
On the long-run wealth distribution in a Ramsey model with heterogeneous households
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异质家庭拉姆齐模型中的长期财富分配
DOI：
10.1016/j.econmod.2019.04.004
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发表时间：
2019
影响因子：
4.7
通讯作者：
Nakamura Tamotsu
中科院分区：
文献类型：
--
作者：
Toshiji Kawagoe;Taisuke Matsubae;Hirokazu Takizawa;Nakamura Tamotsu
本文分析了一个Ramsey模型中的长期财富分布，其中个体具有共同的时间偏好率，但不同的跨期替代弹性。结果表明，跨期替代的异质性足以使非退化的长期财富分布存在。我们还利用相图研究了长期财富分配的性质以及资本和消费的转移。
This paper analyzes the long-run wealth distribution in a Ramsey model where individuals have a common rate of time preferencebutdifferent intertemporal elasticities of substitution. As a result, it is shown that heterogeneity among households in intertemporal substitution is sufficient for the existence of a non-degenerate long-run wealth distribution. We also investigate the properties of the long-run wealth distribution and the transition of capital and consumption using the phase diagram.