Risk Loving and Fat Tails in the Wealth Distribution
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We study the dynamic properties of the wealth distribution in an overlapping generations model with warm-glow bequests and heterogeneous attitudes towards risk. Some dynasties of agents are risk averters, and others are risk lovers. Agents can invest in two types of Lucas trees. The two types of
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美国国家经济研究局创建时间：
2024-12-01
