摘要：In this paper, we shed light on the Pareto distribution of wealth on the basis of an overlapping generation model. We deduce in the model that the basic reason for a particular shape of Pareto distribution is attributed to the distribution of utility function among consumers. More specifically, we show that a formula relating the distribution of utility function to the distribution of wealth is analytically obtainable on the basis of the Cobb-Douglas utility function. By simulation, we recognize that the formula actually gives us a well approximation of a Pareto distribution.
关键词：Pareto Distribution of Wealth;Overlapping Generation Model;Cobb-Douglas Utility Function;Steady State Price Equilibrium
