Econometrica: Aug 1969, Volume 37, Issue 3
Distribution of Income and Wealth Among Individuals
J. E. StiglitzImplications for the distribution of wealth and income of alternative assumptions about savings, reproduction, inheritance policies, and labor homogeneity are investigated in the context of a neoclassical growth model. The paper isolates the different economic forces which tend to make the distribution of wealth in the long run equalitarian and those which tend to make wealth unevenly distributed.
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