This study focuses on testing the relationship between income inequality and economic growth within counties in the United States, and the channels through which the effects of a relationship are observed. Based on a system of equations estimation, the empirical results confirm the hypotheses...

Based on considerations concerning justice, average and minimum wages as well as unemployment aid are determined. The derived guidelines refer to net product and reflect 'reasonable' proportions between the income categories. Thus, deviations from the suggested principles may be classified as...