The income fluctuation problem and the evolution of wealth
From MaRDI portal
Publication:2173086
DOI10.1016/j.jet.2020.105003zbMath1437.91199arXiv1905.13045OpenAlexW3005046306MaRDI QIDQ2173086
John Stachurski, Qingyin Ma, Alexis Akira Toda
Publication date: 22 April 2020
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1905.13045
Related Items (11)
On the emergence of a power law in the distribution of COVID-19 cases ⋮ Unbounded dynamic programming via the Q-transform ⋮ Pareto extrapolation: An analytical framework for studying tail inequality ⋮ On the concavity of consumption function under habit formation ⋮ Determination of Pareto Exponents in Economic Models Driven by Markov Multiplicative Processes ⋮ Dynamic programming with state-dependent discounting ⋮ A theory of the saving rate of the rich ⋮ Necessity of hyperbolic absolute risk aversion for the concavity of consumption functions ⋮ Perov's contraction principle and dynamic programming with stochastic discounting ⋮ Asymptotic linearity of consumption functions and computational efficiency ⋮ Corrigendum to ``An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Incomplete market dynamics and cross-sectional distributions
- Markov chains and stochastic stability
- The risk-free rate in heterogeneous-agent incomplete-insurance economies
- The wealth distribution in Bewley economies with capital income risk
- An income fluctuation problem
- Some results on An income fluctuation problem
- Existence and uniqueness of equilibrium in distorted dynamic economies with capital and labor
- On the existence and uniqueness of stationary equilibrium in Bewley economies with production
- Solving the income fluctuation problem with unbounded rewards
- Recursive equilibrium in Krusell and Smith (1998)
- An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
- Competitive equilibria of economies with a continuum of consumers and aggregate shocks
- The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents
- On the Behaviour of Commodity Prices
- Inequality, Business Cycles, and Monetary‐Fiscal Policy
- Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
- The Dynamics of Inequality
- Inferring Labor Income Risk and Partial Insurance From Economic Choices
- RECURSIVE EQUILIBRIA IN AN AIYAGARI‐STYLE ECONOMY WITH PERMANENT INCOME SHOCKS
- Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach
- Heterogeneity and Persistence in Returns to Wealth
- Fatou's Lemma for Weakly Converging Probabilities
- Discounted Dynamic Programming
- When do borrowing constraints bind? Some new results on the income fluctuation problem
This page was built for publication: The income fluctuation problem and the evolution of wealth