The Concept of Income in a General Equilibrium

The Concept of Income in a General Equilibrium
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一般均衡中的收入概念

DOI:
10.1111/j.1467-937x.2006.00375.x
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发表时间:
2006
期刊:
影响因子:
--
通讯作者:
M. Weale
M. Weale
中科院分区:
--
文献类型:
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作者:
J. Sefton;M. Weale

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本文推导了一个由异质的无限寿命的人组成的竞争性经济在一般均衡中的总真实的收入的概念,并将其与当前和未来的消费可能性联系起来。我们称之为“真实的收入”的收入衡量指标的一个重要特征是,通货紧缩是使用消费平减指数而不是任何产出价格指数来进行的。我们认为,将资本利得视为收入可能是不恰当的。我们还提出了一个连贯的治疗的影响,贸易条件的变化对真实的收入,并解释了这对资源出口经济体的影响。版权所有2006年,威利-布莱克威尔。
This paper derives a concept of aggregate real income for a competitive economy in general equilibrium consisting of heterogeneous infinitely lived people and relates it to current and future consumption possibilities. An important characteristic of our measure of income, which we call Real Income, is that deflation is carried out using a consumption deflator rather than any price index of output. We suggest that it may be inappropriate to regard capital gains as income. We also present a coherent treatment of the effects of changes to the terms of trade on Real Income and explain the implications of this for resource-exporting economies. Copyright 2006, Wiley-Blackwell.