Wealth distribution in life-cycle economies

Article Abstract:

The age-wealth distribution in life-cycle economies has been compared with the US age-wealth distribution in the context of the basic life-cycle model, which has been modified to include presence of earnings, lifetime uncertainty and the lack of markets that serve to insure the uncertainty. Results show that calibrated model economies with the added features resemble the measures of transfer wealth and aggregate wealth in the US economy. They were also able to resemble the US wealth Gini and a percentage of wealth being owned by the top 20% of households in the US.

Administration of General Economic Programs, Economics, Research and Development in the Social Sciences and Humanities, Economic Statistics & Research, Income Distribution, Economic research, Economic conditions, Wealth

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Does productivity growth fall after the adoption of new technology?

Article Abstract:

Theoretical models of technology adoption are evaluated, which suggest that measured productivity growth may fall in the first instance, then rise after the new technology is adopted. A study considers this suggestion within the manufacturing sector of Columbia.

Models, Manufacturing industry, Manufacturing industries, Economic aspects, Colombia, Technology, Industrial productivity

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Human capital and earnings distribution dynamics

Article Abstract:

Implications of human capital and earnings differences are examined.

United States, Forecasts, trends, outlooks, Science & research, Forecasts and trends, Market trend/market analysis, Human capital, Wage gap

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