Redistribution and growth: Pareto improvements
Redistribution and growth: Pareto improvements
复制标题
再分配和增长:帕累托改进
DOI:
10.1007/bf00150199
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发表时间:
1996
影响因子:
2.3
通讯作者:
G. Talmain
中科院分区:
文献类型:
--
作者:
Chien;G. Talmain
This paper analyzes the relationship between income distribution and economic growth. It introduces heterogeneous households who have preferences for leisure into Grossman and Helpman's model of endogenous growth (in which income distribution has no effect on economic growth). Wealth distribution affects the endogenous rate of growth as the labor supply of each individual responds inversely to his permanent income. When the labor Engel curve is concave (convex), unequal wealth distribution decreases (increases) the rate of growth. Pareto-improving-growth-enhancing wealth redistributions are characterized.