Basic understanding of social inequality dynamics

Jacek B Krawczyk and Wilbur Townsend

No 19250, Working Paper Series from Victoria University of Wellington, School of Economics and Finance

Abstract: We provide an introduction to a model of social inequality dynamics. Because capital is distributed less equally than labour, we propose that that one of the main forces driving income inequality is the ratio of factor shares. In this paper we give an easy proof to show that this ratio is driven by the output elasticity of capital.

Keywords: Macroeconomic dynamics; Inequality dynamics; Social inequality (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwecf:19250

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