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Income Distribution Theory: A Survey of Selected Recent Contributions

  • Thomas Piketty
Part of the International Economic Association Series book series (IEA)

Abstract

The field of income distribution theory has probably received more attention during the past five years than it had received during the previous 15–20 years. These developments were mostly motivated by the urgent need to move beyond representative-agent models and the development of new tools allowing tractable equilibrium modelling of heterogeneity between agents, but probably also by the dramatic recent development of income inequality both in developed and developing countries.

Keywords

Interest Rate Income Distribution Wage Earner Wealth Distribution Credit Constraint 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1998

Authors and Affiliations

  • Thomas Piketty
    • 1
    • 2
  1. 1.Massachusetts Institute of TechnologyUSA
  2. 2.CNRS-CepremapParisFrance

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