Zhang, Wei-Bin A discrete heterogeneous-group economic growth model with endogenous leisure time. (English) Zbl 1176.91095 Discrete Dyn. Nat. Soc. 2009, Article ID 670560, 17 p. (2009). Summary: This paper proposes a one-sector multigroup growth model with endogenous labor supply in discrete time. Proposing an alternative approach to behavior of households, we examine the dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. We show how human capital levels, preferences, and labor force of heterogeneous households determine the national economic growth, wealth, and income distribution and time allocation of the groups. By simulation we demonstrate, for instance, that in the three-group economy when the rich group’s human capital is improved, all the groups will economically benefit, and the leisure times of all the groups are reduced but when any other group’s human capital is improved, the group will economically benefit, the other two groups economically lose, and the leisure times of all the groups are increased. MSC: 91B62 Economic growth models 37N40 Dynamical systems in optimization and economics Keywords:economic growth; welfare; human capital; income distribution PDFBibTeX XMLCite \textit{W.-B. Zhang}, Discrete Dyn. Nat. Soc. 2009, Article ID 670560, 17 p. (2009; Zbl 1176.91095) Full Text: DOI EuDML References: [1] Quarterly Journal of Economics 70 (1) pp 65– (1956) · doi:10.2307/1884513 [2] Economic Journal 38 (152) pp 543– (1928) · doi:10.2307/2224098 [3] The American Economic Review 55 pp 1125– (1965) [4] Journal of Political Economy 66 (6) pp 467– (1958) · doi:10.1086/258100 [5] (1970) [6] 3 (1991) [7] 3 (1999) [8] (1995) [9] 1 (2000) [10] (2001) [11] DOI: 10.1023/A:1020875717066 · Zbl 1069.91073 · doi:10.1023/A:1020875717066 [12] DOI: 10.1006/jeth.2001.2892 · Zbl 1015.91039 · doi:10.1006/jeth.2001.2892 [13] DOI: 10.1006/jeth.2001.2841 · Zbl 1015.91032 · doi:10.1006/jeth.2001.2841 [14] DOI: 10.1006/jeth.2001.2887 · Zbl 1015.91045 · doi:10.1006/jeth.2001.2887 [15] Quarterly Journal of Economics 95 (2) pp 375– (1980) · doi:10.2307/1885506 [16] The Review of Economic Studies 60 (1) pp 35– (1993) · Zbl 0825.90194 · doi:10.2307/2297811 [17] Journal of Economic Literature 40 pp 7– (2002) · doi:10.1257/jel.40.1.7 [18] DOI: 10.1006/jeth.2001.2886 · Zbl 1019.91032 · doi:10.1006/jeth.2001.2886 [19] DOI: 10.1155/DDNS.2005.101 · Zbl 1098.91089 · doi:10.1155/DDNS.2005.101 [20] (1993) [21] (2006) [22] (1998) This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.