Credit Markets and the Distribution of Income

Credit Markets and the Distribution of Income

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This book is a theoretical and mathematical survey of the effects of credit constraints on individual and, by extension, general economic welfare. The book observes the impact of credit constraints over generations and deals with questions of dynastic wealth and poverty. The model constructed in the book explains why polarization between wealth and poverty exists and persists.
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Product details

  • Hardback | 192 pages
  • 152.9 x 228.6 x 13mm | 298.59g
  • Academic Press Inc
  • San Diego, United States
  • English
  • 2nd edition
  • 0126381305
  • 9780126381306

Table of contents

Life cycle theory with credit constraints; distributional implications of credit constraints; differing borrowing and lending rates; intergenerational implications of credit constraints; credit constraints and work leisure choice; labour market structure; housing tenure choice; extensions and applications.
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