Heterogeneous Population, Economic Growth and Income Distribution

BEN, DAVID, N. and BENZION,, u (2015) Heterogeneous Population, Economic Growth and Income Distribution. In: International Conference on Advances in Economics, Social Science and Human Behaviour Study - ESSHBS 2015, 21 - 22 February 2015, Hotel Lebua at State Tower.

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Abstract

We present an over lapping generation model of an economy that consists of three classes of workers. Agents might invest in education or capital. As people are more educated, their population growth rate is lower. The poorest class cannot borrow in order to invest in education or capital and its population is growing faster. As capital grows, educated agents can be mobilized into a state of firm owners. We show that under such conditions, while the wage per worker of the poorest class can increase, income distribution worsens as the economy grows.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Heterogeneous Population, Economic Growth, Income Distribution
Depositing User: Mr. John Steve
Date Deposited: 09 May 2019 11:01
Last Modified: 09 May 2019 11:01
URI: http://publications.theired.org/id/eprint/2039

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