Poverty trap models are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal … deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own …

implications. A growth policy simultaneously reduces wealth inequality in the economy. The benefits and burdens of the underlying …

Using HIES 2000 data, the paper presents asset based poverty information so that it is possible to provide incentives … measurements and other methods are available to characterise households under poverty, asset based measurements provide a new … insight into poverty and related welfare studies. By applying fractional polynomial regression, it is found that there is a …

We analyze the evolution of aggregate household wealth, its composition, and top wealth shares since the mid-19th … size and variation of colonial wealth up until WWII, and the introduction of a –particularly strong – pension system … thereafter. We show that the wealth-income ratio followed the familiar U-shaped pattern over the 20th century. The Netherlands …

distribution of wealth may affect: (a) residual claimancy over income streams; (b) exit options in bargaining situations; (c) the …