Arbeitspapier
Income distribution and macroeconomics
This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is likely to be wealthier in the long run. The study may, therefore, provide an additional explanation for the persistent differences in per-capita output across countries. Furthermore, the paper may shed light on cross-countries differences in macroeconomic adjustment to aggregate shocks.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2013-12
- Klassifikation
-
Wirtschaft
Technological Change: Choices and Consequences; Diffusion Processes
Health: General
- Thema
-
Wealth distribution
income distribution
growth
capital market
imperfections
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Galor, Oded
Zeira, Joseph
- Ereignis
-
Veröffentlichung
- (wer)
-
Brown University, Department of Economics
- (wo)
-
Providence, RI
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Galor, Oded
- Zeira, Joseph
- Brown University, Department of Economics
Entstanden
- 2013
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