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
Englisch

Erschienen in
Series: Working Paper ; No. 849

Klassifikation
Wirtschaft
Current Heterodox Approaches: Socialist; Marxian; Sraffian
Computational Techniques; Simulation Modeling
Personal Income, Wealth, and Their Distributions
Thema
Exploitation
heterogeneous labour
wealth taxes
computational methods

Ereignis
Geistige Schöpfung
(wer)
Cogliano, Jonathan F.
Veneziani, Roberto
Yoshihara, Naoki
Ereignis
Veröffentlichung
(wer)
Queen Mary University of London, School of Economics and Finance
(wo)
London
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Cogliano, Jonathan F.
  • Veneziani, Roberto
  • Yoshihara, Naoki
  • Queen Mary University of London, School of Economics and Finance

Entstanden

  • 2018

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