Brunel University Research Archive(BURA) preserves and enables easy and open access to all
types of digital content. It showcases Brunel's research outputs.
Research contained within BURA is open access, although some publications may be subject
to publisher imposed embargoes. All awarded PhD theses are also archived on BURA.
Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/25873Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Hashimzade, N | - |
| dc.contributor.author | Kirsanova, T | - |
| dc.contributor.author | Kirsanov, O | - |
| dc.date.accessioned | 2023-01-25T14:16:10Z | - |
| dc.date.available | 2023-01-25T14:16:10Z | - |
| dc.date.issued | 2023-01-21 | - |
| dc.identifier | ORCID iD: Nigar Hashimzade https://orcid.org/0000-0003-2035-5020 | - |
| dc.identifier.citation | Hashimzade, N., Kirsanov, O. and Kirsanova, T. (2023) ‘Distributional effects of endogenous discounting’, Mathematical Social Sciences, 122, pp. 1 - 6. doi: 10.1016/j.mathsocsci.2023.01.003. | en_US |
| dc.identifier.issn | 0165-4896 | - |
| dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/25873 | - |
| dc.description | Short communication | en_US |
| dc.description.abstract | Copyright © 2023 The Author(s). This paper studies the effect of endogenous discounting on the distribution of wealth in a Bewley–Huggett economy with an exogenous borrowing constraint. We introduce the Koopmans–Uzawa–Epstein time preferences in the benchmark model of Achdou et al. (2022) and investigate the implications on saving behaviour and wealth distribution across different wealth classes. The results highlight a self-reinforcing redistribution mechanism, through which the endogenous discounting can lead to a higher equilibrium interest rate and a more unequal wealth distribution, in comparison to the benchmark model with constant discount rate. | en_US |
| dc.format.medium | Print-Electronic | - |
| dc.publisher | Elsevier | en_US |
| dc.rights | Copyright © 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | - |
| dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | - |
| dc.subject | heterogeneous agents | en_US |
| dc.subject | recursive utility | en_US |
| dc.subject | endogenous discounting | en_US |
| dc.subject | wealth distribution | en_US |
| dc.subject | precautionary savings | en_US |
| dc.title | Distributional Effects of Endogenous Discounting | en_US |
| dc.type | Article | en_US |
| dc.identifier.doi | https://doi.org/10.1016/j.mathsocsci.2023.01.003 | - |
| dc.relation.isPartOf | Mathematical Social Sciences | - |
| pubs.publication-status | Published | - |
| dc.identifier.eissn | 1879-3118 | - |
| dc.rights.holder | The Author(s) | - |
| Appears in Collections: | Dept of Economics and Finance Research Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | 698.16 kB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License
