Arbeitspapier
Exploitation, skills, and inequality
This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution of exploitation intensity is analysed. The effects of technical change and evolving social norms on exploitation and inequalities are also considered and an interesting phenomenon of exploitation cycles is identified. Various taxation schemes are analysed which may reduce exploitation or inequalities in income and wealth. It is shown that relatively small taxation rates may have significant cumulative effects on wealth and income inequalities. Further, taxation schemes that eliminate exploitation also reduce disparities in income and wealth but in the presence of heterogeneous skills, do not necessarily eliminate them. The inegalitarian effects of different abilities need to be tackled with a progressive education policy that compensates for unfavourable circumstances.
- Sprache
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Englisch
- Erschienen in
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Series: Working Paper ; No. 849
- Klassifikation
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Wirtschaft
Current Heterodox Approaches: Socialist; Marxian; Sraffian
Computational Techniques; Simulation Modeling
Personal Income, Wealth, and Their Distributions
- Thema
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Exploitation
heterogeneous labour
wealth taxes
computational methods
- Ereignis
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Geistige Schöpfung
- (wer)
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Cogliano, Jonathan F.
Veneziani, Roberto
Yoshihara, Naoki
- Ereignis
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Veröffentlichung
- (wer)
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Queen Mary University of London, School of Economics and Finance
- (wo)
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London
- (wann)
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2018
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cogliano, Jonathan F.
- Veneziani, Roberto
- Yoshihara, Naoki
- Queen Mary University of London, School of Economics and Finance
Entstanden
- 2018