Distribution and Growth: Replies to Garbellina and Wirkierman, Harcourt, and Nell

Lance Taylor
Written By SCEPA

WORKING PAPER

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In this paper, the author replies to recent literature on the distribution of financial assets between the top 1% and the the 99% of the population.

Labeling these two groups as capital and labor simplifies the complex nature of different types of financial flows. By looking at savings and distribution to a variety of income groups, this paper explains the implications and reasons behind these sub-optimal outcomes.

SCEPA
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