| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19976 |
| 来源ID | Working Paper 19976 |
| Aspirations and Inequality | |
| Garance Genicot; Debraj Ray | |
| 发表日期 | 2014-03-13 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This paper develops a theory of socially determined aspirations, and the interaction of those aspirations with growth and inequality. The interaction is bidirectional: economy-wide outcomes determine individual aspirations, which in turn determine investment incentives and social outcomes. Thus aspirations, income and the distribution of income evolve jointly. When capital stocks lie in some compact set, steady states distributions must exhibit inequality and are typically clustered around local poles. When sustained growth is possible, initial histories matter. Either there is convergence to an equal distribution (with growth) or there is perennial relative divergence across clusters, with within-cluster convergence. A central feature that drives these results is that aspirations that are moderately above an individual’s current standard of living tend to encourage investment, while still higher aspirations may lead to frustration. |
| 主题 | Microeconomics ; Behavioral Economics ; Labor Economics ; Unemployment and Immigration ; Development and Growth ; Development ; Growth and Productivity |
| URL | https://www.nber.org/papers/w19976 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577650 |
| 推荐引用方式 GB/T 7714 | Garance Genicot,Debraj Ray. Aspirations and Inequality. 2014. |
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