{"id":54099,"date":"2023-12-01T18:16:47","date_gmt":"2023-12-01T17:16:47","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/will-wealth-become-more-concentrated-in-europe-evidence-from-a-calibrated-post-keynesian-model\/"},"modified":"2025-10-22T22:18:39","modified_gmt":"2025-10-22T20:18:39","slug":"will-wealth-become-more-concentrated-in-europe-evidence-from-a-calibrated-post-keynesian-model","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54099\/","title":{"rendered":"Will wealth become more concentrated in Europe? Evidence from a calibrated Post-Keynesian model"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54099","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We develop and calibrate an analytical growth model in the Post-Keynesian tradition with an endogenous wealth distribution and differential returns to wealth between workers and capitalists. We show that a long-run equilibrium allows for non-zero wealth owned by workers, even as the model contains the \"triumph of the rentier\" predicted by Piketty as a special case. The model's calibration to ten European countries shows that the distribution of wealth is likely to become more unequal in all cases, barring political countermeasures.","onlinedate":"2020-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20200101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/doi.org\/10.1093\/cje\/bez014","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"44","monthly_report_pages":"55-72","monthly_report_pages_sort":"55","issue":"1","journal":"Cambridge Journal of Economics","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[3567,4619],"persons_data":"[{\"personId\":3567,\"personName\":\"Stefan Ederer\",\"organisationNames\":[]},{\"personId\":4619,\"personName\":\"Miriam Rehm\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[52985,41261],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Will wealth become more concentrated in Europe? 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