期刊
JOURNAL OF DEVELOPMENT ECONOMICS
卷 69, 期 1, 页码 205-226出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/S0304-3878(02)00059-7
关键词
wealth inequality; occupational choice; poverty traps
类别
We analyze a simple and tractable model of occupational choice in the presence of credit market imperfections. We examine the effect of parameters governing technology and transaction costs, and history, in terms of the initial wealth distribution, in determining the long-term wealth distribution and the level of per capita income of an economy. (C) 2002 Elsevier Science B.V. All rights reserved.
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