This paper analyzes the role of income distribution in macroeconomic analysis. The study demonstrates that the long …-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation … between income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is …

. We analytically show that this model generates the Pareto distribution of top income earners and Zipf's law of firms at … the steady state. The differential equation for the probability density distribution of income is derived and numerically … evaluated. In the model, CEOs respond to a tax cut by increasing their share of stocks of their own firms, thereby increasing …

All popular schools lack a consistent profit theory. Economists have no true conception of the most important … phenomenon in their universe. This methodological defect persists since Adam Smith. Therefore, the theories of income and wealth … distribution are wrong by logical implication. If the conclusions of a theory do not find any counterpart in reality the fault lies …

The linear savings function in Stiglitz' model of wealth distribution is replaced by the assumption that the average … savings propensity of each individual is determined by its relative income position and the marginal propensity to save is an … increasing function of individual income. It is shown that the model generates locally stable two-class equilibria under certain …

microdata over the period 1993-2005. Our data allows us to analyse a large spectrum of health indicators. Overall, our results … quite a large extent from those of men and the pooled sample. There is evidence that an increase in the Gini coefficient is … negatively related to the probability of good physical health and no disability retirement. For men, relative income inequality …

This paper demonstrates quantitatively that modern estimates of income inequality based on the data reported by the IRS … are not reliable. Principal problem of the IRS data consists in highly volatile income estimates in the low-end of …

We investigate economic inequalities of Japanese economy from 2004 to 2012 using the Keio household panel survey. We … dimensions. Wage and hours inequalities, which are calculated from the earnings of male and female, full-time and part …

Economic inequality is rapidly increasing in the majority of countries. The wealth of the world is divided in two …. Left unchecked, political institutions become undermined and governments overwhelmingly serve the interests of economic … elites to the detriment of ordinary people. …

This paper attempts at contributing to the ongoing debate on the historical roots of the high economic inequality of … heights in several viceroyalties that: 1) suggest relatively medium to high levels of material welfare among the commoners in … Bourbon Hispanic America; 2) allow us to build indexes of economic inequality. An international comparison of those indexes …