Wealth inequality and financial development: revisiting the symmetry breaking mechanism

DOI10.1007/S00199-016-0977-0zbMath1405.91417OpenAlexW2404353376MaRDI QIDQ523068

Haiping Zhang

Publication date: 20 April 2017

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://ink.library.smu.edu.sg/soe_research/1781

zbMATH Keywords

symmetry breakingfinancial frictionsfinancial globalizationminimum investment requirementswealth inequality

Mathematics Subject Classification ID

Economic growth models (91B62) Actuarial science and mathematical finance (91G99)

Cites Work

• Entry costs, industry structure, and cross-country income and TFP differences
• Sources of TFP growth: occupational choice and financial deepening
• Strategic saving decisions in the infinite-horizon model
• Income and wealth distribution in a simple model of growth
• International capital flows in the model with limited commitment and incomplete markets
• Lotteries, inequality, and market imperfection: Galor and Zeira go gambling
• Income Distribution and Macroeconomics
• A Theory of Trickle-Down Growth and Development
• The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing
• A Theory of Debt Based on the Inalienability of Human Capital
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations

This page was built for publication: Wealth inequality and financial development: revisiting the symmetry breaking mechanism