User Settings
Book Chapter10.1007/978-3-642-57372-9_5

Wealth Distribution, Occupational Choice and the Behaviour of the Interest Rate

Emilio Colombo,Ákos Valentinyi-2003-01-01-Contributions to economics
0

TL;DRAbstract

This paper develops a model of occupational choice and income distribution in which both the wage rate and the interest rate are determined endogenously. We characterize the evolution of the two endogenous variables to the steady state. The model displays multiplicity of equilibria; some equilibrium configuration are analysed which seem to shed light on the evolution of Eastern European economies.

Chat with Paper

AI Agents for this Paper

This paper develops a model of occupational choice and income distribution in which both the wage rate and the interest rate are determined endogenously. We characterize the evolution of the two endogenous variables to the steady state. The model displays multiplicity of equilibria; some equilibrium configuration are analysed which seem to shed light on the evolution of Eastern European economies.

Keywords

EconomicsWageDistribution (mathematics)Interest rateEconometricsLabour economicsMonetary economicsMathematics

Chat

Click to start Chat