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Heijdra, B. and Meijdam, L. (2002) Public Investment and Intergenerational Distribution. Journal of Economic Dynamics and Control, 26, 707-735.
https://doi.org/10.1016/S0165-1889(00)00074-9

has been cited by the following article:

  • TITLE: Instantaneous Wealth Distribution in a Perpetual Youth Model

    AUTHORS: Antonio Scialà

    KEYWORDS: Perpetual Youth Model, Intergenerational Welfare, Wealth Inequality

    JOURNAL NAME: Modern Economy, Vol.7 No.14, December 16, 2016

    ABSTRACT: The Perpetual Youth model is widely used in macroeconomics to assess the intergenerational effects of fiscal and monetary policy. Little attention has been devoted to the effects in terms of instantaneous wealth distribution. In this paper, the instantaneous non-human wealth distribution that characterizes the steady state equilibrium of a Perpetual Youth model is assessed and, for this scope, a Generalized Lorenz Curve of wealth distribution at the steady state equilibrium is derived. I find that: i) an increase in interest rates increases financial wealth concentration; ii) economies with a higher population turnover rates exhibit lower financial wealth concentration.