A Simple Model of Inequality Occupational Choice and Development

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dc.contributor.authorGhatak, Maitreesh
dc.contributor.authorJiang, Nien-Huei
dc.date.accessioned2020-09-13T18:10:30Z
dc.date.available2020-09-13T18:10:30Z
dc.date.issued2000
dc.description.abstractThis paper analyzes a simple and tractable model of occupational choice in the presence of credit market imperfections. We examine the relative roles of parameters governing technology and transaction costs, and history in terms of the initial wealth distribution in determinig the long term wealth distribution and level of income of an economy. The possibility of the existence of cycles, and the role of lotteries and redistributive policies in archieving greater efficiency are examined.
dc.description.departmentEconomics
dc.identifier.urihttp://hdl.handle.net/1803/15636
dc.language.isoen_US
dc.publisherVanderbilt Universityen
dc.subject.other
dc.titleA Simple Model of Inequality Occupational Choice and Development
dc.typeWorking Paperen
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