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This is a paper in response to the article "An Experimental Test of Preferences for the Distribution of Income and … Individual Risk Aversion" by by John Beck (1994). Beck's experimental results on preferences for income distribution and our own …
Persistent link: https://www.econbiz.de/10005641806
Forty years ago, Simon Kuznets, in his presidential address to the American Economics Association, outlined his hypothesis that the process of economic development would first be accompanied by rising disparities in economic well-being, followed by a period when the distribution wouls be stable...
Persistent link: https://www.econbiz.de/10005660621
behavior that include fairness. This study examines people's preferences when it comes to their travel time and their income … income are fairer. Using a stated preference experiment we find that when it comes to travel time, individuals are more …, while in the case of income they are more concerned with their own income, followed by societal average and finally by …
Persistent link: https://www.econbiz.de/10005747935
Persistent link: https://www.econbiz.de/10005669552
Persistent link: https://www.econbiz.de/10005712974
between cities and the surrounding areas - the suburbs. He notes that rising income inequality tends to lead to greater income …
Persistent link: https://www.econbiz.de/10005713022
Persistent link: https://www.econbiz.de/10005713030
The paper surveys the neoclassical theory of growth. As a preliminary, the meaning of the adjective "neoclassical" is discussed. The basic model is then sketched, and the conditions ensuring a stationary state are illustrated. The issue of the convergence to a stationary state (and that of the...
Persistent link: https://www.econbiz.de/10010754193
The paper surveys the main theories of income distribution in their relationship with the theories of economic growth … "Keynesian" theory of income distributionin the wake of Harrod's model of growth is then recalled together with the surprising … theory of income distributionlacks logical consistency and has shaky foundations, as has been revealed by the severecritiques …
Persistent link: https://www.econbiz.de/10010754196
The paper surveys the neoclassical theory of growth. As a preliminary, the meaning of the adjective "neoclassical" is discussed. The basic model is then sketched, and the conditions ensuring a stationary state are illustrated. The issue of the convergence to a stationary state (and that of the...
Persistent link: https://www.econbiz.de/10010754205