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Distribution of Income and Wealth Among Individuals
J. E. Stiglitz
Vol. 37, No. 3 (Aug., 1969), pp. 382-397
Published by: The Econometric Society
Stable URL: http://www.jstor.org/stable/1912788
Page Count: 16
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Implications for the distribution of wealth and income of alternative assumptions about savings, reproduction, inheritance policies, and labor homogeneity are investigated in the context of a neoclassical growth model. The paper isolates the different economic forces which tend to make the distribution of wealth in the long run equalitarian and those which tend to make wealth unevenly distributed.
Econometrica © 1969 The Econometric Society