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Distribution of Income and Wealth Among Individuals

J. E. Stiglitz
Econometrica
Vol. 37, No. 3 (Aug., 1969), pp. 382-397
Published by: The Econometric Society
DOI: 10.2307/1912788
Stable URL: http://www.jstor.org/stable/1912788
Page Count: 16
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Distribution of Income and Wealth Among Individuals
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Abstract

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.

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