Income Distribution And Macroeconomics

Review of economic studies 60 1 doi.

Income distribution and macroeconomics. This paper analyzes the role of income distribution in macroeconomic analysis. Tthe hebrew university of jerusa lem nnd brown university. 89 25 july 1988 revised septemher 1989 1 brown university. July 15 16 2020 share.

Ces in wealth and income distribution across countries. The study demonstrates that the long run equilibrium depends on the initial distribution of income. Our main interest is how income and wealth distributions are related to long run macroeconomic issues like economic growth and sectorial adjustment. To differences in wealth and income distribution across countries.

Introduction this paper explores the theoretical linkage between income distribution and macroeconomics through investment in human capital. It is shown that in the presence of credit markets imperfections and indivisibilities in investment in human capital the initial distribution of wealth affects aggregate output and investment both in the short and in the long run as there are multiple steady states. In accordance with empirical evidence concerning the conelation between income distribution and output an economy that is characterized by a relatively equal distribution of wealth is likely to be. The nber economics of digitization project established in 2010 with support from the alfred p.

Si 2020 income distribution and macroeconomics. Income distribution and macroeconomics. Si 2020 income distribution and summer institute 2020.