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42 p, 1.1 MB Effects of aspirations and habits on the distribution of wealth / Caballé, Jordi (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica) ; Moro-Egido, Ana I. (Universidad de Granada)
We analyze how the introduction of habits and aspirations affects the distribution of wealth when the labor productivity of individuals is subject to idiosyncratic shocks and when bequests arise from a joy-of-giving motive. [...]
2014 - 10.1111/sjoe.12069
The Scandinavian journal of economics, Vol. 116 (2014) , p. 1012-1043  
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