Introduction: Income distribution and economics (original) (raw)
2000, Handbook of Income Distribution
Contents 1. Factor share theories of income distribution 1.1. A simple static and competitive framework 1.2. Skilled/unskilled wage differential 1.3. CGE modelling 1 1 1.4. Capitalism and socialism 12 1.5. Limitations 13 2. Factor accumulation and income distribution 13 2.1. Stochastic theories 14 2.2. The dynastic consumption model as a benchmark and the ambiguity of bequest theories 15 2.3. Heterogeneity in the accumulation factor p and human capital theory 16 2.4. Market imperfections and wealth dependent accumulation rates 17 2.5. Accumulation rates with endogenous prices: distribution and growth 19 3. Labour market and income distribution 21 3.1. Selection theory as an economic explanation of skewness 22 3.2. Involuntary selection, segmentation and discrimination 23 3.3. Imperfect information on workers' and jobs' characteristics: sorting and matching 24 3.4. Imperfect observability of effort and agency problems 25 3.5. Conclusion of our theoretical tour d'horizon 26 4. Working with income distribution data 26 4.1. Representation of the distribution and inequality measurement 28 4.2. The recipient unit 34 4.3. Definition of income 36 4.4. The time dimension 38 In writing this Introduction, we have drawn very heavily on the chapters of the Handbook. This will be evident from the extent of cross-references, although we have tried to stop short of the point at which such references become tedious to the reader. We are most grateful to the following for their comments on the first draft of the Introduction:
Loading Preview
Sorry, preview is currently unavailable. You can download the paper by clicking the button above.