-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

wealth income ratio (WIR) and on the distribution of wealth (WD), in the life cycle (LC) "egalitarian" model. We depart from … in clear contrast with one of the fundamental propositions of the traditional LC theory. …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

This paper reviews the long run developments in the distribution of personal income and wealth. It also discusses … the distribution of income and wealth over time? Are there common trends across countries or over the path of devel …-called top income literature and new evidence on wealth concentration. The picture that emerges shows that inequality was …

between income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is …

the diffusion of their wealth. The calibrated model shows that the transition path matches with the decline of the Pareto …

All popular schools lack a consistent profit theory. Economists have no true conception of the most important … phenomenon in their universe. This methodological defect persists since Adam Smith. Therefore, the theories of income and wealth … distribution are wrong by logical implication. If the conclusions of a theory do not find any counterpart in reality the fault lies …

long-run models of income- and wealth-distribution Piketty (2014) draws on a rich economic analysis that models the intra …- and inter-generational processes that underlie the development of the wealth distribution. These processes inevitably …-run analysis of policy should not presume that there is an inherent tendency for the wealth distribution to approach equilibrium. …

income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is likely to be …