Income distribution
Date Submitted: 06/20/2004 02:51:40
Category: / Business & Economy / Management
Length: 7 pages (2052 words)
Category: / Business & Economy / Management
Length: 7 pages (2052 words)
Introduction Economics have long sought to understand the links between economic growth and income distribution. According to Kuznets' hypothesis: A country's income distribution would first widen, then stabilise, and finally narrow with the economy development.
However, if the necessary result of the economy development is the income distribution's worsening, what's the value of the growth? It is meaningless for most people become poorer and only a small number of rich people become richer as a …
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…access on 24,November 2003> 5.Kaldor, N., "Model of Distribution," in Growth Economics, edited by Amartya Sen, Penguin Books, Middlesex, England, 1970, Pp.81-91 [Originally published in 1955-6].
6.Lambert, Peter J., The Distribution and Redistribution of Income, 3rd ed, Manchester University Press, Manchester, 2001.
7.Michael Parkin, Melanie Powell and Kent Matthews(2000), Economics, Person Educaton Limited 2000, Harlow 8.Paul.A. Samuelson and WilliamdNordhaus(1995),Economics, McGraw-Hill,Inc 9.Philip Hardwick, Bahadur Khan and John Langmead(1990), Modern Economics, Longman Publishing, New York
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