Does Redistribution Increase Output?

Kartik Athreya, Andrew Owens, Jessica Sackett Romero and Felipe Schwartzman

Richmond Fed Economic Brief, 2017, issue January

Abstract: According to conventional wisdom, wealth redistribution boosts output by increasing aggregate consumption. However, while redistributive policies can have a short-run stimulative effect on consumption, their effect on output depends, potentially quite importantly, on the nature of household labor supply.

Keywords: wealth redistribution; consumption (search for similar items in EconPapers)
Date: 2017
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