A Theory of Wealth Distribution and Accumulation

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A Theory of Wealth Distribution and Accumulation is written by Mauro Baranzini and published by Oxford University Press. It's available with International Standard Book Number or ISBN identification 0198233132 (ISBN 10) and 9780198233138 (ISBN 13).

This volume provides the micro-foundations of a macroeconomic theory of income distribution and of the accumulation and distribution of wealth. Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.