Inflation, inégalités de répartition et croissance

Aristomene Varoudakis

Revue Économique, 1995, vol. 46, issue 3, 889-899

Abstract: [fre] Les effets des inégalités sur l'inflation sont étudiés dans une économie où les consommateurs sont différenciés suivant que leur revenu provient de facteurs accumulates ou non accumulates. En affectant l'offre de travail, l'inflation réduit la rentabilité du capital et exerce un effet négatif sur la croissance. Suivant le cal­cul de maximisation du soutien électoral, la taxe inflationniste sera d'autant plus privilégiée comme source de recettes fiscales que la répartition des facteurs accu-mutables est inégalitaire. L'incidence positive des inégalités sur l'inflation est empiriquement confirmée sur un échantillon assez large de pays développés et de PVD. [eng] Inflation, inequalities, and growth . This paper studies the influence of wealth and income inequalities on inflation in an economy where consumers belong to two distinct groups depending on whether their income arises from accumulated or non accumulated factors of production. Inflation adversely affects labour supply, reducing the return to capital and leading to a fall in the rate of growth. The inflation tax is set to maximize electoral support, as it would be predicted by the model of probabilistic voting. Its rate is increasing in income and wealth inequalities - captured by the weight of consumers with non accumulated factors of production in the electorate. The relationship between inflation and inequalities is empirically tested in a sample comprising up to 52 developed and developing countries.

Date: 1995
Note: DOI:10.3406/reco.1995.409702
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