We gratefully acknowledge Daron Acemoglu's extensive comments on an earlier paper on the same subject, which led us to the formulation in this paper. We also acknowledge the ideas and suggestions of Xavier Gabaix and five referees that we incorporated into the paper, as well as conversations with Marco Bassetto, Gerard Ben Arous, Alberto Bressan, Bei Cao, In-Koo Cho, Gianluca Clementi, Isabel Correia, Mariacristina De Nardi, Raquel Fernandez, Leslie Greengard, Frank Hoppensteadt, Boyan Jovanovic, Stefan Krasa, Nobu Kiyotaki, Guy Laroque, John Leahy, Omar Licandro, Andrea Moro, Jun Nie, Chris Phelan, Alexander Roitershtein, Hamid Sabourian, Benoite de Saporta, Tom Sargent, Ennio Stacchetti, Pedro Teles, Viktor Tsyrennikov, Gianluca Violante, Ivan Werning, Ed Wolff, and Zheng Yang. Thanks to Nicola Scalzo and Eleonora Patacchini for help with “impossible” Pareto references in dusty libraries. We also gratefully acknowledge Viktor Tsyrennikov's expert research assistance. This paper is part of the Polarization and Conflict Project CIT-2-CT-2004-506084 funded by the European Commission-DG Research Sixth Framework Programme.
The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents
Article first published online: 14 JAN 2011
© 2011 The Econometric Society
Volume 79, Issue 1, pages 123–157, January 2011
How to Cite
Benhabib, J., Bisin, A. and Zhu, S. (2011), The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents. Econometrica, 79: 123–157. doi: 10.3982/ECTA8416
- Issue published online: 14 JAN 2011
- Article first published online: 14 JAN 2011
- Manuscript received February, 2009; final revision received June, 2010.
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