Abstract
The field of income distribution theory has probably received more attention during the past five years than it had received during the previous 15–20 years. These developments were mostly motivated by the urgent need to move beyond representative-agent models and the development of new tools allowing tractable equilibrium modelling of heterogeneity between agents, but probably also by the dramatic recent development of income inequality both in developed and developing countries.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Acemoglu, D. (1994) ‘Public Policy in a Model of Long-Term Unemployment’, Cambridge, MA: MIT mimeo.
Aghion, P. and P. Bolton (1991) ‘A Trickle-Down Theory of Growth Development with Debt Overhang’, LSE, mimeo.
Akerlof, G. and J. Yellen (1990) ‘The Fair Wage-Effort Hypothesis and Unemployment’, Quarterly Journal of Economic, vol. 10, pp. 255–83.
Arrow, K. (1973), ‘The Theory of Discrimination’, in Ashenfelter, D. and Rees, A. (eds) Discrimination in Labor Markets Princeton: Princeton University Press).
Banerjee, A. and A. Newman (1993) ‘Occupational Choice and the Process of Development’, Journal of Political Economy, 101 (April), pp. 274–99.
Banerjee, A. and A. Newman (1994), ‘Poverty, Incentives and Development’, American Economic Review, vol. 84–2, pp. 211–16.
Benabou, R. (1993a), ‘Workings of a City: Location, Education, Production’, Quarterly Journal of Economics, vol. 108, pp. 619–53.
Benabou, R. (1993b), ‘Heterogeneity, Stratification and Growth’, New York University, mimeo.
Benabou, R. (1994), ‘Human Capital, Inequality and Growth: the Local Connection’, European Economic Review, vol. 38, pp. 817–26.
Bernanke, R. and R. Gertler (1993), ‘The Financial Accelerator and the Flight to Quality’, Princeton and New York Universities, mimeo.
Boudon, R. (1973) L’inégalité des chances (Paris: Armand Colin, Collection ‘U’).
Bourguignon, F. (1981) ‘Pareto-Superiority of Unegalitarian Equilibria in Stiglitz’s Model of Wealth Distribution with Convex Savings Function’, Econometrica, vol. 49, pp. 1469–75.
Card, D. and A. Krueger (1992) ‘Does School Quality Matter?’, Journal of Political Economy, vol. 100, 1–40.
Coate, S. and G. Loury (1993) ‘Will Affirmative-Action Policies Eliminate Negative Stereotypes?’, American Economic Review, vol. 83, pp. 1220–40.
Cooper, S., S. Durlauf and P. Johnson (1994) ‘On the Transmission of Economic Status across Generations’, University of Wisconsin, mimeo.
Durlauf, S. (1993) ‘A Theory of Persistent Inequality’, University of Wisconsin, mimeo.
Eissa, N. and J. Liebman (1995) ‘Labor Supply Response to the EITC’, Harvard University, mimeo.
Fernandez, R. and R. Rogerson (1993a) ‘Keeping People Out: Income Distribution, Zoning and the Quality of Public Education’, New York University, mimeo.
Fernandez, R. and R. Rogerson (1993b) ‘The Political Economy of Education Finance Reform’, mimeo.
Galor, O. and J. Zeira (1993), ‘Income Distribution and Macroeconomics’, Review of Economic Studies, vol. 60, pp. 35–52.
Kahneman, D., J. Knetsch and R. Thaler (1986), ‘Fairness as a Constraint on Profit-Seeking: Entitlements on the Market’, American Economic Review, vol. 76, pp. 728–41.
Kramarz, F., S. Lolliven and L. LePele (1995) ‘Wage Inequalities and Firm-Specific Competition in France, Paris: INSEE, mimeo
Kremer, M. (1995), ‘The Dynamics of Inequality: US vs Brazil’, mimeo.
Kremer, M. and E. Maskin (1995), ‘Segregation by Skill and the Rise in Inequality’, Harvard University and MIT, mimeo.
Legros, P. and A. Newman (1994) ‘Wealth Effects and the Theory of Organisation’, Columbia University, mimeo.
Meyer, C. (1995), ‘Income Distribution and Family Structure’, PhD dissertation, MIT.
Phelps, E. (1968) ‘The Statistical Theory of Racism and Sexism’, American Economic Review, vol. 62, pp. 657–61.
Piketty, T. (1992), ‘Imperfect Capital Markets and Persistence of Initial Wealth Inequalities’, Working Paper, LSE/STICERD TE/92/255
revised version, ‘The Dynamics of the Wealth Distribution and the Interest Rate with Credit-Rationing’, Review of Economic Studies, vol. 64, 1997, pp. 173–89.
Piketty, T. (1995), ‘Social Mobility and Redistributive Politics’, Quarterly Journal of Economics, vol. 110, pp. 551–84.
Roemer, J. and R. Wets (1994), ‘Neighbourhood Effects on Belief Formation and the Distribution of Education and Income’, University of California at Davis.
USGPO (1966) Equality of Educational Opportunity (Washington, DC: US Government Printing Office).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1998 International Economic Association
About this chapter
Cite this chapter
Piketty, T. (1998). Income Distribution Theory: A Survey of Selected Recent Contributions. In: Mundlak, Y. (eds) Contemporary Economic Issues. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26188-8_2
Download citation
DOI: https://doi.org/10.1007/978-1-349-26188-8_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-26190-1
Online ISBN: 978-1-349-26188-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)