{"id":57529,"date":"2023-12-01T20:10:48","date_gmt":"2023-12-01T19:10:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/will-wealth-become-more-concentrated-in-europe-evidence-from-a-calibrated-neo-kaleckian-model-2\/"},"modified":"2024-04-20T07:47:46","modified_gmt":"2024-04-20T05:47:46","slug":"will-wealth-become-more-concentrated-in-europe-evidence-from-a-calibrated-neo-kaleckian-model-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/57529\/","title":{"rendered":"Will wealth become more concentrated in Europe? Evidence from a calibrated neo-Kaleckian model"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-57529","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We develop and calibrate an analytical growth model in the neo-Kaleckian 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's r &gt; g 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":"2017-01-01 00:00:00","lang":"English","publication_series":"FMM Working Papers","publication_date":"20170101","publication_date_year":"2017","publication_date_full":false,"publication_num_pages":"","keywords":"[\"inequality\",\"wealth\",\"income\",\"neo-Kaleckian theory\",\"model calibration\"]","jelcodes":"[\"D31\",\"E12\",\"E21\"]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.boeckler.de\/imk_108546.htm?produkt=HBS-006754&chunk=1&jahr=","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[208554],"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":[],"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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