Economics, Econometrics and Finance
6 years ago

Wealth Inequality Reduced by Boosting Human Capital Efficiency

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RePEc: Research Papers in Economics
Wealth Distribution in the Endogenous Growth Model with Idiosyncratic Investment Risk
Ryoji Hiraguchi

Paper Summary

The article explores how economic growth and wealth inequality are related in a model with physical and human capital accumulation. Human capital accumulation boosts growth and evens out wealth distribution. Risky physical capital investment can lead to wealth inequality, but a tax on capital can help reduce it.

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