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Tetsuya Nakajima

Persistent Inequality in the Framework of a Perfect Loan Market

September, 2006

 
     
   
     
 

Abstract

 
 
Within the framework of a perfect loan market, this paper clarifies the conditions
crucial to whether individual incomes converge or diverge.
 
 
Copyright (C) 2006 , Graduate School of Economics, Osaka City University, All rights reserved.