摘要翻译:
本文分析了企业生产受到异质性冲击、要素收益决定于竞争性市场、王朝具有线性消费函数、政府对资本和劳动收入征税并将所收集的资源平均再分配给王朝的经济中的财富均衡分配问题。财富的均衡分配是显式计算的,其形状关键取决于市场的不完全性。特别是,只有在资本市场不完全的情况下,顶部尾部才会出现帕累天定律。帕累托指数取决于储蓄率、资本净回报率、人口增长率和投资组合多样化。相反,劳动力市场的特征大多影响财富分配的底尾。分析还表明,增长与财富不平等之间存在正向关系。
---
英文标题:
《Economic interactions and the distribution of wealth》
---
作者:
Davide Fiaschi and Matteo Marsili
---
最新提交年份:
2009
---
分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
--
一级分类:Physics 物理学
二级分类:Physics and Society 物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
--
---
英文摘要:
This paper analyzes the equilibrium distribution of wealth in an economy where firms' productivities are subject to idiosyncratic shocks, returns on factors are determined in competitive markets, dynasties have linear consumption functions and government imposes taxes on capital and labour incomes and equally redistributes the collected resources to dynasties. The equilibrium distribution of wealth is explicitly calculated and its shape crucially depends on market incompleteness. In particular, a Paretian law in the top tail only arises if capital markets are incomplete. The Pareto exponent depends on the saving rate, on the net return on capital, on the growth rate of population and on portfolio diversification. On the contrary, the characteristics of the labour market mostly affects the bottom tail of the distribution of wealth. The analysis also suggests a positive relationship between growth and wealth inequality.
---
PDF链接:
https://arxiv.org/pdf/0906.1512