Income Diversification as Income Maximizing Strategy

Authors

  • Wolfgang Lechthaler

DOI:

https://doi.org/10.25071/1874-6322.19660

Abstract

In a simple model, I demonstrate that the U-shaped relationship between income and income diversification typically found in developing countries can be explained without any risk considerations. It might be the result of pure income maximization in an environment with limited possibilities.

Published

2011-02-05

How to Cite

Lechthaler, W. (2011). Income Diversification as Income Maximizing Strategy. Journal of Income Distribution®, 19(3-4). https://doi.org/10.25071/1874-6322.19660