This paper provides a comprehensive overview of the development in income distribution and outlines its major long … emerging, and the least developed economies of the world. This paper applies different measures to analyse income distribution … in three dimensions: national income, functional income distribution, and personal income distribution. Depending on the …

Why is it optimal not to tax capital income in the long-run in Chamley (1986) and Judd (1985)? This paper demonstrates … demands in each period become equally complementary to leisure over time. This renders taxes on capital income redundant …, since they cannot alleviate distortions from taxing labour income. The argument that taxes on capital income should be zero …

Using a case study about rural Tianjin and Shandong provinces, we try to explain what mechanism affects income … inequality in rural areas, especially how rural dual structural transformation leads to the income inequality "inverted-U" Curve … dominated by traditional agriculture. We can clearly observe that the changes in rural income inequality are roughly consistent …

income inequality and interdependent social norms. The model shows in an easily accessible manner how personal and functional … income inequality can potentially have contrary effects on aggregate demand and growth. It can illustrate some of the major … consumption with respect to wage income than with respect to profit income is confirmed. We find positive long-run effects of …