Financial frictions, occupational choice and economic inequality
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DOI: 10.1016/j.jmoneco.2018.12.003
Abstract: We develop a quantitative theory of entrepreneurship, income inequality, and financial frictions disciplined with household data from Brazil. The theory extends Lucas (1978) by modeling heterogeneity in two skills: -working and managerial skills. Consistently with… read more here.
Keywords: inequality; inequality financial; financial frictions; frictions occupational ... See more keywords