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Wealth Inequality and Age

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Abstract

This paper has examined simple versions of life-cycle. Keynesian, and target wealth models of consumption. It has drawn out their implications for the age profile of wealth inequality. The latter is observed to decline over the working lifetime and to uncrease in retirement in a range of advanced industrial countries. Performance of the models in generating a realistic age profile of wealth inequelity has been studied, and predictions for consumption inequality have also been noted.

Suggested Citation

  • Davies, J.B., 1996. "Wealth Inequality and Age," University of Western Ontario, Departmental Research Report Series 9615, University of Western Ontario, Department of Economics.
    • Handle: RePEc:uwo:uwowop:9615
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1414&context=economicsresrpt
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. M. June Flanders on Horwitz vs. Wray
      by Dave Prychitko in Coordination Problem on 2010-01-04 20:56:06

    More about this item

    Keywords

    INCOME; CONSUMPTION;

    JEL classification:

    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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