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in top income inequality is driven by the rise of "superstar" entrepreneurs or managers …
Persistent link: https://www.econbiz.de/10013019120
We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model – as well as heterogeneous agent models more generally – then boils down to a system of partial differential equations, a fact we take advantage of to make two types of...
Persistent link: https://www.econbiz.de/10012948919