Theories of redistribution and share of labour income

Bhattarai, Keshab

Abstract

Abstract We review the functional and size theories of income distribution in the context of growing inequality around the world. The causes for the observed patterns on the shares of labour and capital income in classical, neoclassical, Marxian, structuralists or general equilibrium theories are reviewed. Each of these theory is found helpful in explaining the inequality of in income observed in the OECD, emerging and developing economies. Significant empirical evidence exists for declining labour share as shown by panel data estimation of 127 countries from 1990 to 2011.

Citation

Bhattarai, K. (2016, June). Theories of redistribution and share of labour income. Paper presented at European Economics and Finance Society (EEFS) 2016

• Presentation Conference Type: Conference Paper (unpublished)
• Conference Name: European Economics and Finance Society (EEFS) 2016
• Start Date: Jun 16, 2016
• End Date: Jun 19, 2016
• Publication Date: 2016-06
• Deposit Date: Apr 12, 2017
• Publicly Available Date: Oct 26, 2018
• Peer Reviewed: Not Peer Reviewed
• Keywords: Redistribution of income
• Public URL: https://hull-repository.worktribe.com/output/450543
• Contract Date: Apr 12, 2017