Author: David Pothier
Publisher: International Monetary Fund
ISBN: 1498300987
Category : Business & Economics
Languages : en
Pages : 50
Book Description
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.
Demand Composition and Income Distribution
Author: David Pothier
Publisher: International Monetary Fund
ISBN: 1498300987
Category : Business & Economics
Languages : en
Pages : 50
Book Description
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.
Publisher: International Monetary Fund
ISBN: 1498300987
Category : Business & Economics
Languages : en
Pages : 50
Book Description
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.
The Role of Income Distribution and Demand Composition in Economic Development
Author: Anandi Mani
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 338
Book Description
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 338
Book Description
The Relation Between Final Demand and Income Distribution
Author: C. Grootaert
Publisher: Springer Science & Business Media
ISBN: 3642515630
Category : Business & Economics
Languages : en
Pages : 121
Book Description
Publisher: Springer Science & Business Media
ISBN: 3642515630
Category : Business & Economics
Languages : en
Pages : 121
Book Description
Demand Composition and Income Distribution
Author: David Pothier
Publisher: International Monetary Fund
ISBN: 149832388X
Category : Business & Economics
Languages : en
Pages : 50
Book Description
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.
Publisher: International Monetary Fund
ISBN: 149832388X
Category : Business & Economics
Languages : en
Pages : 50
Book Description
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.
Income Distribution, Growth and Unemployment
Author: Ferri, Piero
Publisher: Edward Elgar Publishing
ISBN: 1802206019
Category : Business & Economics
Languages : en
Pages : 264
Book Description
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.
Publisher: Edward Elgar Publishing
ISBN: 1802206019
Category : Business & Economics
Languages : en
Pages : 264
Book Description
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.
Income Distribution and the Composition of Final Demand
Author: Wayne R. Thirsk
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 54
Book Description
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 54
Book Description
Effective Demand And Income Distribution
Author: Marc Jarsulic
Publisher: Routledge
ISBN: 0429698526
Category : Political Science
Languages : en
Pages : 188
Book Description
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.
Publisher: Routledge
ISBN: 0429698526
Category : Political Science
Languages : en
Pages : 188
Book Description
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.
Income Distribution
Author: Jan Pen
Publisher: Penguin Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 452
Book Description
Publisher: Penguin Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 452
Book Description
An Approach to the Theory of Income Distribution
Author: Sidney Weintraub
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
An economic study of income distribution and employment.
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
An economic study of income distribution and employment.
Links Between Growth, Inequality, and Poverty: A Survey
Author: Ms. Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513572660
Category : Business & Economics
Languages : en
Pages : 54
Book Description
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.
Publisher: International Monetary Fund
ISBN: 1513572660
Category : Business & Economics
Languages : en
Pages : 54
Book Description
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.