Longaretti, Riccarda; Gatti, Domenico Delli - Dipartimento di Economia, Metodi Quantitativi e … - 2006
In this paper we develop an OLG model with heterogeneous agents, money and bequests, introducing occupational choice and financing constraints when capital markets are imperfect. We show how, under appropriate conditions, all the moments of the distribution are affected by changes in money...