Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023
economic growth rate. This induces the economy to converge towards an equilibrium with extreme wealth inequality, where the …What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth … inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the …