Macro-Perspective on Asset Grants Programs: Occupational and Wealth Mobility

Francisco J. Buera
Joseph Kaboski
Yongseok Shin
Publication Type: 
Papers
Publication Article File: 
Journal Name: 
American Economic Review: Papers and Proceedings
Journal Volume: 
Forthcoming
Publication Year: 
2014
Building on Buera and Shin (2013) and Buera, Kaboski and Shin (2011), we use a quantitative general equilibrium model of occupational choice with frictions in credit markets to analyze the aggregate and distributional impacts of a one-time, economy-wide redistribution of wealth toward the poorest. In this benchmark model, occupational choices and savings decisions depend critically on wealth.
Region: 
Global
Topic: 
General Equilibrium
Topic: 
Occupational Choice
Topic: 
Credit
Topic: 
Savings
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