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| Author | : |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 1971 |
| Genre | : |
| ISBN | : |
Conference paper on the relationship between economic growth and income distribution in the USA - presents a model based on the human capital approach to the distribution of wages. Graphs and references.
| Author | : Hideyuki Adachi |
| Publisher | : Springer |
| Total Pages | : 90 |
| Release | : 2019-01-04 |
| Genre | : Business & Economics |
| ISBN | : 9811337268 |
This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have begun to realize the importance of biased technological changes. However, the comprehensive explanations have not yet appeared. This volume analyzes the effects of factor-biased technological progress on growth and income distribution and shows that long-run trends of the capital-income ratio and capital share of income consistent with Piketty’s 2014 empirical results emerge. Incorporating the modified version of induced innovation theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income distribution consistent with the data shown in Piketty. Introducing a wage-setting function, the neoclassical growth model is modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under biased technological progress. Applying a new econometric method to Japanese industrial data, the authors test the key assumptions employed and important results derived in the theoretical part of this book.
| Author | : Harumi T. Nelson, Terry L. Roe, Xinshen Diao |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 48 |
| Release | : |
| Genre | : Social Science |
| ISBN | : |
| Author | : Rebecca M. Blank |
| Publisher | : |
| Total Pages | : 66 |
| Release | : 1985 |
| Genre | : Income distribution |
| ISBN | : |
| Author | : Engelbert Stockhammer |
| Publisher | : Springer |
| Total Pages | : 329 |
| Release | : 2013-12-03 |
| Genre | : Business & Economics |
| ISBN | : 1137357932 |
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
| Author | : William Loehr |
| Publisher | : Routledge |
| Total Pages | : 322 |
| Release | : 2019-04-10 |
| Genre | : Business & Economics |
| ISBN | : 0429706618 |
The increasing inequality and poverty that seem inevitably to accompany economic growth in developing countries have become more and more evident in recent years. The search for development paths that lead to growth with equality—all too difficult to find—is now an area of central concern for development economists. One result of their concern is this volume, in which internationally known representatives of a range of disciplines address themselves to ways in which growth with equity might be successfully achieved. The book begins with both empirical and theoretical background to the development issues involved, and with an overview of the experience of the international development assistance community. focuses on operational definitions of the poor that will permit analytical, policy-oriented research to lead to useful conclusions. Specific concern is expressed for small-business owners, women, peasants, and recent migrants from rural to urban areas. The basic question, of course, is what can be done about poverty and inequality. includes suggestions for specific measures and provides a comprehensive comparison across a wide range of policy options. The book does not solve the problem, but it does point to directions that promise a reasonably high probability of success. And throughout, suggestions are made for the kind of interdisciplinary research required to raise that probability even further.
| Author | : Friedrich L. Sell |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 279 |
| Release | : 2015-06-29 |
| Genre | : Business & Economics |
| ISBN | : 1783472375 |
With the increased interest in the role of inequality in modern economies, this timely and original book explores income distribution as an equilibrium phenomenon. Though globalization tends to destroy earlier equilibria within industrialized and devel
| Author | : Mr.Patrick Van Houdt |
| Publisher | : International Monetary Fund |
| Total Pages | : 27 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451841868 |
Income distribution may be related to fundamentals affecting economic growth and to labor market policies. Noting that inequality is affected by unemployment. This paper presents a model in which labor market policies affect unemployment which in turn affects inequality. The model also includes the effects of changes in per capita income on inequality through the accumulation of physical capital and technological know–how. When a resulting reduced–form relationship is estimated, its explanatory power is surprisingly high: on average, it explains about three quarters of the variation in inequality measures for the OECD countries, and Granger Causality tests confirm the model’s predictions.
| Author | : Giuseppe Bertola |
| Publisher | : Princeton University Press |
| Total Pages | : 440 |
| Release | : 2014-09-28 |
| Genre | : Business & Economics |
| ISBN | : 1400865093 |
This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
| Author | : Vito Tanzi |
| Publisher | : MIT Press |
| Total Pages | : 448 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 9780262201094 |
The contributors argue that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth. The contrast is vivid. While the majority of people in the industrial world and some in the developing world enjoy unprecedented affluence, a far greater number of people in the low-income countries live in abject poverty. Although several developing countries are achieving rapid economic growth and poverty reduction, most formerly centrally planned countries are struggling to implement market-oriented reforms in the midst of economic deterioration and rising poverty. The paramount importance of reducing poverty worldwide is forcing economists and policymakers to look at how income distribution and economic growth interact. The essays in this volume grew out of a 1995 conference sponsored by the International Monetary Fund. The contributors are scholars and policymakers from academic institutions, governments, and international organizations. The questions discussed include: How does income distribution interact with economic growth in the short run and the long run? To what extent can government use transfer programs to increase the incomes of the poor? How can government use social programs to help the poor increase their income-earning capacity? Does distributional inequality create an obstacle to long-term poverty reduction? Alternatively, is distributional inequality a necessary means of achieving economic growth? Generally, the contributors agree that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth.
