Income and Wealth Heterogeneity in the Macroeconomy

@article{Krusell1998IncomeAW,
  title={Income and Wealth Heterogeneity in the Macroeconomy},
  author={Per Krusell and A. Smith},
  journal={Journal of Political Economy},
  year={1998},
  volume={106},
  pages={867-896}
}
  • Per Krusell, A. Smith
  • Published 1998
  • Economics
  • Journal of Political Economy
  • How do movements in the distribution of income and wealth affect the macroeconomy? We analyze this question theoretically, using numerical methods, in the context of a calibrated version of the stochastic growth model with partially uninsurable idiosyncratic risk and movements in aggregate productivity. 

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