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| Author: | Matsuyama, K. |
| Title: | Endogenous inequality |
| Journal: | Review of Economic Studies
2000 : VOL. 67:4(233), p. 743-759 |
| Index terms: | Inequality Market economy Poverty |
| Language: | eng |
| Abstract: | Does the market economy exacerbate inequality across households? In a capitalistic society, do the rich maintain a high level of wealth at the expense of the poor? Or would an accumulation of the wealth by the rich eventually trickle down to the poor and pull the later out of poverty? This paper presents a theoretical framework, in which one can address these questions in a systematic way. |
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