Download or read book Demand Composition and Income Distribution written by David Pothier and published by International Monetary Fund. This book was released on 2014-12-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending dedicated to labour-intensive goods and services shrinks (expands) during downturns (booms), and argue that this contributes to the observed pro-cyclicality of employment and output in labour-intensive industries. Using a two-sector general equilibrium model, we then assess how this demand composition channel influences the cyclical properties of the income distribution. Consistent with empirical evidence, we find income inequality to be countercyclical due to changes in the level of employment and (to a lesser extent) relative factor prices. The model also shows that wealth redistribution policies can potentially involve a trade-off between equality and output, depending on how they affect the composition of aggregate demand.
Download or read book The Role of Income Distribution and Demand Composition in Economic Development written by Anandi Mani and published by . This book was released on 1998 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Relation Between Final Demand and Income Distribution written by C. Grootaert and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand Composition and Income Distribution written by David Pothier and published by International Monetary Fund. This book was released on 2014-12-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending dedicated to labour-intensive goods and services shrinks (expands) during downturns (booms), and argue that this contributes to the observed pro-cyclicality of employment and output in labour-intensive industries. Using a two-sector general equilibrium model, we then assess how this demand composition channel influences the cyclical properties of the income distribution. Consistent with empirical evidence, we find income inequality to be countercyclical due to changes in the level of employment and (to a lesser extent) relative factor prices. The model also shows that wealth redistribution policies can potentially involve a trade-off between equality and output, depending on how they affect the composition of aggregate demand.
Download or read book Effective Demand And Income Distribution written by Marc Jarsulic and published by Routledge. This book was released on 2019-03-06 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution. It also considers the connections between relative prices and income distribution.
Download or read book Income Distribution and the Composition of Final Demand written by Wayne R. Thirsk and published by . This book was released on 1977 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Distribution Growth and Unemployment written by Ferri, Piero and published by Edward Elgar Publishing. This book was released on 2022-03-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.
Download or read book Income Distribution written by Jan Pen and published by Penguin Group. This book was released on 1974 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The New Economics of Income Distribution written by Friedrich L. Sell and published by Edward Elgar Publishing. This book was released on 2015-06-29 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increased interest in the role of inequality in modern economies, this timely and original book explores income distribution as an equilibrium phenomenon. Though globalization tends to destroy earlier equilibria within industrialized and devel
Download or read book Links Between Growth Inequality and Poverty A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Download or read book An Approach to the Theory of Income Distribution written by Sidney Weintraub and published by Praeger. This book was released on 1972 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic study of income distribution and employment.
Download or read book The Changing Distribution of Income in an Open U S Economy written by J.H. Bergstrand and published by Elsevier. This book was released on 2015-06-01 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been dramatic changes in the distribution of earnings and income in the United States during recent years. This volume presents original papers, contributed by eminent economists, on the measurement and causes of growing income inequality in the U.S. and other major industrialized countries. The first part examines the definition of income, decomposition of earnings into capacity and capacity utilization rates, and alternative methodologies for estimating income and earnings dispersion. The second part investigates theoretically or empirically alternative causes of income inequality: international trade, macroeconomic conditions and policies, technological progress, productivity growth, institutions, demographic labor supply, and sectoral labor demand. In the final part of the volume policy implications and recommendations are discussed. The volume will be valuable for academic departments (economics, political science, sociology); economic policy institutes and Federal Reserve Bank research departments; economists in government.
Download or read book The Role of Technology Organisation and Demand in Growth and Income Distribution written by and published by . This book was released on 2012 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper proposes a model that explains cross-country growth divergences over time for different aspects of structural change. The model formalises the links between production technology, firm organisation (functional composition of employment) on the supply side and the endogenous evolution of income distribution and consumption patterns on the demand side. Wage distribution is the main channel between the organisation of firms and consumption patterns, and firm selection is the main trigger of investment in new capital, productivity gains and cumulative growth. The model is able to reproduce empirical stylised facts on growth and income inequality associated with different stages of growth. We use VARs to estimate the causal relations between the three aspects of structural change. We then analyse the effect of the parameters that define the structure of an economy - and the way in which this unfolds through time - on growth and income distribution via numerical simulation. Product variety, differences in consumption preferences, organisational complexity and production technology determine whether the economy experiences a take-off or a stagnating growth, and the associated distribution of income. -- Structural change ; growth ; income distribution ; consumption ; technological change
Download or read book Income Distribution and Aggregate Demand in the U S Economy written by Juan V. Fernandez and published by . This book was released on 2005 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income distribution facts theories policies written by Jan Pen and published by . This book was released on 1971 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Distribution and Redistribution written by Paul Taubman and published by Addison Wesley Publishing Company. This book was released on 1978 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Six Papers on the Size Distribution of Wealth and Income written by National Bureau of Economic Research and published by . This book was released on 1969 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of conference papers on wealth and income distribution in the USA - covers theoretical aspects, historical aspects (with particular reference to the 19th century), the effect of population trends on income distribution, ownership (with particular reference to housing and other real estate business), statistical method of measuring poverty and changes in income distribution, etc. Statistical tables. Conference held in university park, pa., 1967 mar 24 and 25.
