A simple model of inequality, occupational choice, and development

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth distributionand the level of per capita income of an economy.[...]

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Year of publication:	2001-09-01
Authors:	Ghatak, Maitreesh ; Jiang, Neville Nien-Huei
Institutions:	London School of Economics and Political Science
Subject:	Entwicklung \| Berufswahl \| Wohlfahrt \| Welfarism \| Armut \| poverty \| Ungleichmäßigkeit \| inequality

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Extent:	201728 bytes 22 p. application/pdf
Series:	London School of Economics and Political Science - Published Papers Journal of Development Economics 69 (2002) 205– 226
Type of publication:	Book / Working Paper
Language:	English
Classification:	D31 - Personal Income, Wealth and Their Distributions ; D82 - Asymmetric and Private Information ; O10 - Economic Development. General ; Sociological and psychological aspects ; Personnel management, Personnel planning and Personnel development ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10008911474