First, the effects of money growth on income inequality and wealth inequality contrast sharply. Second, money growth impacts the long-run distribution of capital only as long as it accompanies some other real shock, such as an increase in productivity. Third, the flexibility of labor supply is ...
The Impact of HIV/AIDS on Poverty and Inequality in Botswana This paper presents the results of a quantitative analysis of the likely impacts of HIV/AIDS on households in Botswana. The analysis makes use of household... K Jefferis,R Greener,H Siphambe - 《South African Journal of Economics...
I keep running across blog posts showing the inequality of income and wealth in America. In arecent postI already discussed one reason why this data is fatally flawed, capital income is nothing like wage income—rather it is deferred consumption. Counting capital income and wage income is actual...
Wealth and Income Inequality: The terms generally describes the gap in wealth and income respectively (where income is a short term measure and wealth is a measure of capital assets over time) between labor and capital, between supervisory labor and non-supervisory labor, and sometimes even betwee...
The actual income inequality is greater, because inequality is not just due to life-cycle effects. 2. Inflation: Suppose you are the richest guy in the world, owning $100 billion in Microsoft stock. You cash out and decide to live off the interest. To avoid inflation risk, you put it ...
(1990). Income and Wealth Distribution, Inequality and Poverty. Springer Verlag.Dagum ZM M (1990) Income and wealth distribution, inequality and poverty. SpringerDagum ZMM (1990) Income and wealth distribution, inequality and poverty. Springer, Berlin...
Defenders of the Reagan era claim that income mobility in the U.S. is great enough to overcome income inequality. That is, if people move up and down the income scale to a significant degree, then, over a lifetime, your average income is going to match my average income. However, ...
American Journal of Economics and Sociology Volume 47, Issue 2, page 222, April 1988Additional Information(Show All) How to CitePublication History How to Cite W. L. (1988), Studies of Inequality in Income and Wealth. American Journal of Economics and Sociology, 47: 222. doi: 10.1111/j.15...
The idea that more wealth for some will translate into more wealth for everyone has deep roots. Today, data shows that the gap between the richest and the poorest has never been wider.
The report showed why these inequities could not be reduced despite increases in average income and wealth per capita. The progressive tax rates where the rich paid more than the poor, introduced in the first half of the 20th century to deal with inequality, were dismantled in the 1980s. ...