Innovation and Consumption Inequality in an Agent-Based Macroeconomic Model

This paper explores the relationship between product innovation and consumption inequality. We employ a modified version of the agent-based macroeconomic model in Georges (2011, 2015). A rise in rents accruing to salaried workers can shift both production and R&D spending toward products consumed by that class of worker. The increase in income inequality will then have a magnified impact on consumption inequality

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Year of publication:	2017
Authors:	Georges, Christophre
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Agentenbasierte Modellierung \| Agent-based modeling \| Theorie \| Theory \| Innovation \| Makroökonomisches Modell \| Macroeconomic model \| Einkommensverteilung \| Income distribution \| Privater Konsum \| Private consumption

Extent:	1 Online-Ressource (15 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 25, 2017 erstellt
Other identifiers:	10.2139/ssrn.2923786 [DOI]
Classification:	E10 - General Aggregative Models. General ; O30 - Technological Change; Research and Development. General ; E25 - Aggregate Factor Income Distribution
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012962234