Journal Article

Diversification as Income Maximizing Strategy

Journal of Income Distribution

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



Wolfgang Lechthaler - Kiel Institute
Wolfgang Lechthaler


Publication Date
JEL Classification
I30, O15