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Events

CEMAP Seminar Series: Professor Nigar Hashmzade, Durham University Business School

Wednesday, 6 March 2019
13:00 to 14:00
Professor Nigar Hashimzade
Durham University Business School Room 405

Title: Variable discounting and inequality

Abstract: The model presents a stochastic endowment economy where agents have recursive preferences and face an endogenous borrowing constraint. We show that the distribution of wealth converges to a stationary distribution and draw a comparison with an economy under standard geometric discounting.

CEMAP Seminar Series: Professor Nigar Hashmzade, Durham University Business School

Wednesday, 6 March 2019
13:00 to 14:00
Professor Nigar Hashimzade
Durham University Business School Room 405

Title: Variable discounting and inequality

Abstract: The model presents a stochastic endowment economy where agents have recursive preferences and face an endogenous borrowing constraint. We show that the distribution of wealth converges to a stationary distribution and draw a comparison with an economy under standard geometric discounting.