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Browsing Chakraborty, Shankha by Subject "Income distribution"
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(University of Oregon, Dept. of Economics, 2003-02-01)We study bank-based and market-based financial systems in an endogenous growth model. Lending to firms is fraught with moral hazard as owner-managers may reduce investment profitability to enjoy private benefits. Bank ...
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(University of Oregon, Dept. of Economics, 2003-03-20)Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce ...
Now showing items 1-2 of 2