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BEGIN:VEVENT
SUMMARY:JKU economics research seminar
DTSTART;VALUE=DATE:20200805
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DTSTAMP:20200805T105751Z
ORGANIZER;CN="Rene Böheim";ROLE=CHAIR:MAILTO:Rene.Boeheim@jku.at
ATTENDEE;CN="noeg-l@wu.ac.at";PARTSTAT=NEEDS-ACTION;RSVP=TRUE;
 ROLE=REQ-PARTICIPANT:MAILTO:noeg-l@wu.ac.at
DESCRIPTION:
 The Department of Economics\, JKU Linz\, cordially invites you to the onlin
 e research seminar\n\nWednesday\, 8th of August. 2020\, 4pm\n\nDan Barron 
 (Kellogg School of Management at Northwestern University)\, https://www.ke
 llogg.northwestern.edu/faculty/directory/barron_daniel.aspx \n\nWealth Dyn
 amics in Communities\n\nAbstract: \nThis paper studies wealth accumulation
  in communities. We develop a model of favor exchange among households in 
 a community and their investment decisions. Our result identies a key obst
 acle to wealth accumulation: wealth crowds out favor exchange. Thus\, hous
 eholds underinvest\, since growing their wealth would entail losing the su
 pport of the community. The result is a persistent wealth gap between such
  communities and the rest of the economy. Using numerical simulations\, we
  show that increased productivity outside the community exacerbates underi
 nvestment inside the community\, while strengthening kinship\, friendship
 \, or religious ties within the community encourages wealth accumulation.
 \n\nPlease see  https://www.jku.at/en/department-of-economics/research/res
 earch-events/online-economics-research-seminar/ <https://www.jku.at/en/dep
 artment-of-economics/research/research-events/online-economics-research-se
 minar/> for registration and upcoming presentations. \n\n\nBest regards\,
 \n\nRené Böheim\n\n-- \nPD René Böheim\, PhD\nDepartment of Economics
 \n\nJOHANNES KEPLER\nUNIVERSITÄT LINZ\nAltenberger Straße 69\n4040 Linz
 \, Österreich\nP +43-732-2468-7369\n\nwww.econ.jku.at/boeheim\nResearch: 
 http://ideas.repec.org/e/pbh15.html\n\n\n
DTEND;VALUE=DATE:20200806
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