scholarly journals Aggregate Demand Externalities, Income Distribution, and Wealth Inequality

2021 ◽  
Author(s):  
Luke Petach ◽  
Daniele Tavani
Keyword(s):  
Income Distribution ◽  
Aggregate Demand ◽  
Wealth Inequality

scholarly journals The Dynamics of Wealth Inequality and the Effect of Income Distribution

PLoS ONE ◽  
2016 ◽  
Vol 11 (4) ◽  
pp. e0154196 ◽  
Author(s):  
Yonatan Berman ◽  
Eshel Ben-Jacob ◽  
Yoash Shapira
Keyword(s):  
Income Distribution ◽  
Wealth Inequality

scholarly journals The Elusive Rentier Rich

2016 ◽  
Vol 42 (2) ◽  
pp. 257-279 ◽  
Author(s):  
Linsey McGoey
Keyword(s):  
Nineteenth Century ◽  
Economic Theory ◽  
Income Distribution ◽  
Wealth Inequality ◽  
Economic Capital ◽  
Marginal Productivity ◽  
Neoclassical Economist ◽  
Mainstream Economic ◽  
Blind Spots

The popularity of Thomas Piketty’s research on wealth inequality has drawn attention to a curious question: why was widening wealth inequality largely neglected by mainstream economists in recent decades? To explore and explain that neglect, I draw on the writing of the early neoclassical economist John Bates Clark, who introduced the notion of the marginal productivity of income distribution at the end of the nineteenth century. I then turn to Piketty’s Capital in order to analyze the salience of marginal productivity theories of income today. I suggest that most of the criticism and praise for Piketty’s research is focused on data that are accessible and measurable, obscuring attention to questions over whether current methods for measuring economic capital are defensible or not. My overarching aim is to explore how “absent” data in economics as a whole help to reinforce blind spots within mainstream economic theory.

scholarly journals Assessment of the Degree of the Divergence and Inequality of Household Income Distribution in Poland in the Years 2005–2013

2016 ◽  
Vol 16 (1) ◽  
pp. 50-62 ◽  
Author(s):  
Filip Edmund Gęstwicki ◽  
Ewa Wędrowska
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Household Income ◽  
Wealth Inequality ◽  
Early Years ◽  
First Century ◽  
The European Union ◽  
Main Research ◽  
Entropy Measures ◽  
Household Incomes

Abstract The increase in income and wealth inequality observed in the last decade of the twentieth century and the first decade of the twenty-first century is the subject of many analyses and discussions. Research shows that major changes in household incomes in Poland took place in the early years of transition (1990–1992), known as a ‘revolution in income’. The article focuses on the assessment of the degree of household income inequality after the Poland’s accession to the European Union. The most commonly used measures in income inequality studies are the measures of inequality based on the Lorenz function – a popular Gini coefficient and the Schutz ratio, measures using the concept of entropy, measures based on welfare function, or measures based on income distribution quantiles. The article proposes the possibility of broadening the measuring spectrum of income inequality analysis of the Csiszár’s divergence measures. The main research objective of the article is to assess the divergence in the distribution of household equivalent disposable income in Poland in the years 2005–2013. The data used in the analysis come from the European Survey on Income and Living Conditions (EU-SILC).

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