The Effects of Progressive Income and Wealth Redistribution on an Economy's Development Performance

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University of Wisconsin--Madison, 1976 - Income - 426 pages

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Contents

THE STRUCTURE OF THE MODEL
14
THE DYNAMIC PROPERTIES OF THE MODEL
54
THE EFFECTS OF PROGRESSIVE INCOME REDISTRIBUTION
70
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9 other sections not shown

Common terms and phrases

absolute value adjustments by capitalists aggregate demand aggregate net saving assets for producer assume assumption average bank deposits banking system base-line simulation Brazil Brazilian Central Bank capita real income capital gains capitalists capitalists to labor ceteris paribus CM CM CM PA cofactor composition of aggregate consumer durable loans consumption functions consumption goods industry currency and bank Decade of Growth decline in demand decrease demand for consumer demand for currency demand for producer depreciation development performance distribution of wealth ducer durables durables through self-finance economy's economy's development performance economy's stock effects of progressive elasticity of demand excess demand expected rate expenditures extreme portfolio adjustments fixed real wage government-owned corporations greater gross aggregate saving growth rate Harrod-Domar model However income and wealth income redistribution leads increase in demand incremental capital-output ratio initial decline interest rate International Financial Statistics Jacobian labor's per capita labor's portfolio labor's share Labor's Wealth large portfolio large portfolio adjustments loan rate elasticity Lorenz curve mand marginal asset share marginal propensity Model II monetary base ncome negative net investment net saving rate nominal wage rate nondurables output parameters partial derivative per capita income per capita real Percentage Changes portfolio adjustments portfolio substitution portfolio substitution parameters price elasticities price of consumption price of producer prices change producer and consumer producer durable loans producer durables increases producer durables industry progressive income redistribution progressive wealth redistribution propensity to spend rate is fixed rate of growth rate of return rate of total ratio real wage rate redistribution in Model relative price return on durables return on producer rise share of total smaller stock of consumer stock of producer substitution effects sumer supply of loans Term II Thus total income total per capita Wealth Labor's wealth redistribution leads wealth-holders

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