منابع مشابه
The World Income Distribution
We show that even in the absence of diminishing returns in production and technological spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: countries that accumulate capital faster than average experience declining export prices, depressing the rate of return to capital and discouraging fur...
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This paper is a review of the post-war literature on income distribution and development. It argues that the literature has cycled from one consensus to another, responding to emerging policy issues and new analysis. On the basis of the review, the paper identifies five areas that will command the attention of analysts in the coming two decades: ((i) country case studies rather than cross-count...
متن کاملUnemployment and Income Distribution
Unemployment is widely regarded as the foremost economic problem currently facing the Australian economy. Among its many evils, high unemployment – especially long-term unemployment – has become a major source of poverty. The unemployed have now replaced the aged as the predominant group in poverty in Australia (King 1997). It also contributes to the rising levels of anxiety about the increasin...
متن کاملThe Distribution of Income
Any summary measure of the degree of inequality in the size distribution of income is sensitive to the choice of both the demographic unit of analysis and ,the income concept. Thus, intertempora1 variation in a summary statistic will be affected not only by economic factors, but also by changes in either unit composition or sources of income. Recently, the post-World War II stability of the agg...
متن کاملThe Distribution of Income
Inequality has become perhaps the foremost preoccupation of modern empirical economics. Yet the conventional theoretical explanations of changing inequality rest on premises long ago demolished on logical grounds. This paper summarizes a Keynesian theory of income distribution. The theory integrates macroeconomic and distributive phenomena and so accounts for the empirical relationship between ...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2005
ISSN: 0034-6535,1530-9142
DOI: 10.1162/003465305775098206