Basic understanding of social inequality dynamics

We provide an introduction to a model of social inequality dynamics. Because capital is distributed less equally than labour, we propose that that one of the main forces driving income inequality is the ratio of factor shares. In this paper we give an easy proof to show that this ratio is driven by the output elasticity of capital.

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Year of publication:	2015
Authors:	Krawczyk, Jacek B ; Townsend, Wilbur
Institutions:	School of Economics and Finance, Victoria Business School
Subject:	Macroeconomic dynamics \| Inequality dynamics \| Social inequality

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Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 01/2015 Number 4154
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011184322