Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224580
Authors: 
Glawion, Rene
Puche, Marc
Haller, Frédéric
Year of Publication: 
2020
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2020: Gender Economics
Abstract: 
We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income and wealth distributions. We use this connection to demonstrate that an increase in unemployment benefits leads to a rise in steady state wealth inequality measured by the Gini coefficient.
Subjects: 
Incomplete Markets
Fokker-Planck Equations
Wealth Distributions
Computable General Equilibrium Models
JEL: 
C68
D31
E21
Document Type: 
Conference Paper

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