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Envy and Inequality in Income and Wealth in a Dynamic General Equilibrium Theory

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  • Wei-Bin Zhang

    (Ritsumeikan Asia Pacific University, Japan)

Abstract

El objetivo de este estudio es abordar las interacciones entre la envidia, el crecimiento económico y la distribución del ingreso y la riqueza en un modelo de crecimiento heterogéneo de los hogares con estructura económica. En cuanto a la envidia y su impacto, este estudio está influenciado por el modelo económico con envidia de Gershman (2014). Nos ocupamos del papel (destructivo) de la envidia en la oferta de mano de obra, la distribución del tiempo entre el trabajo y las actividades destructivas, y la distribución de la riqueza y el ingreso. El modelo se enmarca en una teoría general del equilibrio general dinámico. La estructura económica se compone de un sector de bienes de consumo y un sector de bienes de capital. El movimiento se describe mediante un conjunto de ecuaciones diferenciales. Simulamos el movimiento de una economía de tres grupos con envidia endógena. Realizamos análisis dinámicos comparativos para mostrar cómo la envidia y otros cambios exógenos afectan los procesos transitorios y la estructura de equilibrio de la economía.

Suggested Citation

  • Wei-Bin Zhang, 2018. "Envy and Inequality in Income and Wealth in a Dynamic General Equilibrium Theory," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 13(4), pages 507-523, Octubre-D.
    • Handle: RePEc:imx:journl:v:13:y:2018:i:4:p:507-523
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    References listed on IDEAS

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    More about this item

    Keywords

    envy; destructive activities; neoclassical growth theory; wealth accumulation; Walrasian general equilibrium theory; income and wealth distribution;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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