How important is discount rate heterogeneity for wealth inequality?

DOI10.1016/j.jedc.2006.10.002zbMath1163.91538OpenAlexW3123881516MaRDI QIDQ1027408

Lutz Hendricks

Publication date: 1 July 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.cesifo.org/DocDL/cesifo1_wp1604.pdf

zbMATH Keywords

preference heterogeneitywealth inequality

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82) Models of societies, social and urban evolution (91D10)

Related Items

The housing cost disease ⋮ Coexistence of money and interest-bearing bonds ⋮ Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence ⋮ WEALTH INEQUALITY: DATA AND MODELS ⋮ Inequality and catching-up under decreasing marginal impatience ⋮ Health, wealth, and informality over the life cycle ⋮ Instability and concentration in the distribution of wealth ⋮ Preference heterogeneity and optimal monetary policy

Cites Work

• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Wealth Inequality and Intergenerational Links
• Consumption Over the Life Cycle

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