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SMU SOE Seminar (Sept 18, 2019): Rising Wealth Inequality: Intergenerational Links, Entrepreneurship, and the Decline in Interest Rate
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TOPIC:
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RISING WEALTH INEQUALITY: INTERGENERATIONAL LINKS, ENTREPRENEURSHIP, AND THE DECLINE IN INTEREST RATE
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ABSTRACT
In this paper we examine the link between the rise in wealth inequality and the decline in the world interest rates in a model populated with altruistic households and entrepreneurs. The decline in the borrowing rate benefits the entrepreneurs at the expense of the savers. It increases the entrepreneurial activity and wealth resulting in an increase in wealth inequality.
Click here to view the CV.
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PRESENTER
Ayse Imrohoroglu
University of Southern California
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RESEARCH FIELDS
Business Cycles
Inflation
Unemployment Insurance
Social Security
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DATE:
18 September 2019 (Wednesday)
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TIME:
4pm - 5.30pm
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VENUE:
Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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