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The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality …
Persistent link: https://www.econbiz.de/10012182882
In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial … Crisis and the Great Recession. The focus is on functional income distribution and thus on the relationship between … financialisation and the wage share or the gross profit share. The analysis is based on a Kaleckian theory of income distribution …
Persistent link: https://www.econbiz.de/10011621286
efficiency, and scale economies), and the distribution of the financial benefits of productivity change (consumers of postal …
Persistent link: https://www.econbiz.de/10010851428
This study estimates productivity gains and their distribution among inputs and outputs for American industries over …
Persistent link: https://www.econbiz.de/10010854429
Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest...
Persistent link: https://www.econbiz.de/10010954831
Persistent link: https://www.econbiz.de/10009493252
This paper deals with income distribution in two classical reproduction models in disequilibrium where wages are … the distribution of the value of the nonaccumulated part of production. We show that the relation between distribution …
Persistent link: https://www.econbiz.de/10010550870
mechanisms, compared to past decades. To the fundamental divide between capital and labour in the distribution of income between …. The functional income distribution that leads to inequalities in factor incomes, with an increasing divide between the …
Persistent link: https://www.econbiz.de/10009204977
We estimate the ratio of private wealth to national income, βpt, for Switzerland from 1900 to 2020. Our results indicate that over the 20th century, βpt did not follow a U-shaped pattern as in most European countries. Instead, its was exceptionally stable at around 500%. We argue that this...
Persistent link: https://www.econbiz.de/10013384507
In a model of endogenous choice of location and endogenous aversion against inequality, we demonstrate that large pre-tax difference in income may lead to a residential segregation of rich and poor. Such segregation may reduce the social attachment between the groups in society, and reduce the...
Persistent link: https://www.econbiz.de/10005672027