Egalitarian Policies, Effective Demand, and Globalization: Considering Budget Constraint
Taro Abe ()
Discussion papers from Graduate School of Economics , Kyoto University
This paper examines the effectiveness of redistribution policies under budget constraint considering government spending for the productivity improvement as Bowles (2012) and effective demand based on Abe (2015). It shows that an asset-based redistribution policy is not always effective under effective demand and budget constraint. However, the increase of effective demand because of income distribution improves employment, labor productivity, and wage rates because of increased government spending for productivity improvement as the results of saving rate from profit income show.
Keywords: Egalitarianism; Redistribution; Effective Demand; Globalization (search for similar items in EconPapers)
JEL-codes: E12 F60 J80 J88 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ger and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:kue:epaper:e-15-014
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