Status, the Distribution of Wealth, and Growth
作者： Giacomo Corneo , Olivier Jeanne
关键词: Growth rate 、 Inequality 、 Microeconomics 、 Endogenous growth theory 、 Wealth distribution 、 Consumption (economics) 、 Social status 、 Distribution of wealth 、 Economics 、 Social optimum
摘要: We analyze a simple model of endogenous growth in which individuals care about both consumption and their rank the distribution wealth. show that steady-growth rate economy increases with strength status-seeking motive initial equality wealth distribution. Contrary to basic growth, equilibrium is not necessarily smaller than social optimum, we identify circumstances under two coincide.
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