SMU SOE Seminar (Sept 18, 2019): 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.
		PRESENTER Ayse Imrohoroglu University of Southern California
		RESEARCH FIELDS Business Cycles Inflation Unemployment Insurance Social Security
		DATE: 18 September 2019 (Wednesday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903