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Giovannoni, Olivier G. - 2014

Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this … distribution. The cost of modifying existing models is low compared to the benefits. We find, analytically, that (1) the multiplier …

Persistent link: https://www.econbiz.de/10013052985

Classical political economy and secular stagnation

Luzuriaga, Manuel Cruz; Tavani, Daniele - 2021

This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical Political Economy tradition, that can be contrasted with the accounts by Piketty (2014) and Gordon (2015). In these explanations, an exogenous reduction in the growth rate g...

Persistent link: https://www.econbiz.de/10012659139

Income distribution and current account imbalances

Behringer, Jan; Theobald, Thomas; Treeck, Till van - 2013

personellen Einkommensverteilung auf nationale Leistungsbilanzsalden zu analysieren. Im Modell hat jedes Land einen Haushalts- und … Einkommensverteilung und dem institutionellen Umfeld erklärt werden kann. Hingegen wird die verhältnismäßige schwache Binnennachfrage in … Deutschland und China seit Mitte der 1990er Jahre maßgeblich durch Verschiebungen in der funktionalen Einkommensverteilung zu …

Persistent link: https://www.econbiz.de/10010201629

Income distribution and the Great Depression

Belabed, Christian A. - 2015

, saving, and debt for the 1920s by applying a non-standard theory of consumption, the relative income hypothesis, to the … financial and macroeconomic instability, in the period leading to the Great Depression. …-Standard Theorie des Haushaltskonsums, die Relative Einkommenshypothese, zurück. Es wird argumentiert, dass steigende …

Persistent link: https://www.econbiz.de/10011289390

Capital income shares and income

Schlenker, Eva; Schmid, Kai D. - 2013

In this paper, we measure the effect of changing capital income shares upon inequality of gross household income. Using EU-SILC data covering 17 EU countries from 2005 to 2011 we find that capital income shares are positively associated with the concentration of gross household income. Moreover,...

Persistent link: https://www.econbiz.de/10010201648

How skilled immigration may improve economic equality

Kahanec, Martin; Zimmermann, Klaus F. - In: IZA journal of migration : IZAJOM 3 (2014), pp. 1-13

Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...

Persistent link: https://www.econbiz.de/10010361361

Sensitivity analysis of equivalency scale in income inequality studies

Kang, Younguck - 2008

Family size equivalency scale is widely used in income inequality studies to deal with the differences in the size of each household, and it is widely accepted that the use of different scales significantly alters the estimated values of the inequality indexes and produces U-shaped pattern. This...

Persistent link: https://www.econbiz.de/10003819585

Macroeconomic effects of personal and functional income inequality : theory and empirical evidence for the US and Germany

Prante, Franz J. - 2017

This paper presents a simple illustrative post-Kaleckian model of distribution and growth that incorporates personal income inequality and interdependent social norms. The model shows in an easily accessible manner how personal and functional income inequality can potentially have contrary...

Persistent link: https://www.econbiz.de/10011606907

Moving closer or drifting apart : distributional effects on monetary policy

Hafemann, Lucas; Rudel, Paul; Schmidt, Jörg - 2017

Our paper picks up the current controversial debate about increasing (income) inequality due to recent monetary policy measures in major advanced economies. We use a VAR framework identified with sign restrictions to figure out how income in- equality related measures react to monetary policy...

Persistent link: https://www.econbiz.de/10011647171

The Distribution of Income between Labor and Capital is Not Stable : But Why is that so and Why Does it Matter?

Brada, Josef C. - 2015

and for the modern theory of growth …

Persistent link: https://www.econbiz.de/10013013814