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The Dynamics of Wealth Inequality under Endogenous Fertility: A Remark on the Barro-Becker Model with Heterogenous Endowments

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Bosi, Stefano [University of Cergy-Pontoise] Boucekkine, Raouf [Aix-Marseille University] Seegmuller, Thomas [Aix-Marseille University]

Implicit in the seminal contribution of Barro-Becker [1], the lack of persistence of inequality in the presence of endogenous fertility is one of the most striking features of the models à la Barro-Becker. In this pedagogical note, we show how to uncover and interpret the latter property using standard optimization in contrast to the dynamic programming under homogeneity usually invoked in this literature.

Document type Article de périodique (Journal article) – Article de recherche
Access type Accès libre
Publication date 2011
Language Anglais
Journal information "Theoretical economics letters" - Vol. 1, no. 1, p. 3-7 (May 2011)
Publisher Scientific Research Publishing (Irvine)
issn 2162-2078
e-issn 2162-2086
Publication status Publié
Affiliations UCL - SSH/LIDAM/IRES - Institut de recherches économiques et sociales
Aix-Marseille University - GREQAM
University of Cergy-Pontoise - THEMA
Keywords Endogenous Fertility ; Heterogeneous Households ; Optimal Growth
Links
Bibliographic reference Bosi, Stefano ; Boucekkine, Raouf ; Seegmuller, Thomas. The Dynamics of Wealth Inequality under Endogenous Fertility: A Remark on the Barro-Becker Model with Heterogenous Endowments. In: Theoretical economics letters, Vol. 1, no. 1, p. 3-7 (May 2011)
Permanent URL http://hdl.handle.net/2078.1/95169