Heterogeneous conformism and wealth distribution in a neoclassical growth model

被引：6

作者：

Mino, Kazuo ^{[1
]}

Nakamoto, Yasuhiro ^{[2
]}

机构：

[1] Kyoto Univ, Inst Econ Res, Sakyo Ku, Yoshida Honmachi, Kyoto 6068501, Japan

[2] Kansai Univ, Fac Informat, 2-1-1 Reizanji Cho, Takatsuki, Osaka 5691095, Japan

来源：

ECONOMIC THEORY | 2016年 / 62卷 / 04期

关键词：

Consumption externalities; Heterogeneous agents; Wealth distribution; CONSUMPTION EXTERNALITIES; EQUILIBRIUM INDETERMINACY; RELATIVE CONSUMPTION; HABIT FORMATION; ASSET PRICES; TAX POLICY; JONESES; INCOME; SPILLOVERS; AGGREGATE;

D O I：

10.1007/s00199-015-0923-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores the role of consumption externalities in a neoclassical growth model in which households have heterogeneous preferences. We find that a higher degree of average conformism accelerates the convergence speed of the economy toward the steady state as in the case of homogeneous conformism. Furthermore, we reveal that the wealth inequality expands or shrinks in the case of heterogeneous conformism, while it does not expand but shrinks in the case of homogeneous conformism.

引用

页码：689 / 717

页数：29

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