Wealth Concentration, Income Distribution and Alternatives

Lance TaylorOzlem OmerArmon Rezai
Written By SCEPA

WORKING PAPER

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Authors use demand-driven models of economic growth and inequality to conclude US household wealth concentration is not likely to decline in response to fiscal interventions alone.

This paper finds that the creation of an independent public wealth fund could lead to greater equality. Similarly, once-off tax/transfer packages or wage increases will not reduce income inequality significantly; on-going wage increases in excess of productivity growth would be needed.

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