期刊名称：Discussion Papers in Economics / Department of Economics, University of York
出版年度：2017
卷号：2017
出版社：University of York
摘要：This paper distinguishes between income inequality induced by differences in labor productivity and induced by differences in capital income. Persson and Tabellini (1994) argue that productivity-induced income inequality leads to lower growth since distortionary taxes increase and harm capital accumulation. However, if income inequality stems from differences in capital income, then labor tax rates fall, leading to higher growth. Using OECD data, increased capital income inequality (proxied by the top 1% income share) has a significant positive relationship with subsequent economic growth. Controlling for capital income inequality yields a negative relationship between labor income inequality and growth, as originally conjectured.
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