Trend of factor income distribution

2019 ◽  
pp. 49-77
Author(s):  
GUO Qingwang ◽  
LV Bingyang ◽  
YUE Ximing
Keyword(s):  
Income Distribution ◽  
Factor Income

Factor Income Distribution in the United States During the 1920's: A Reexamination of Fact and Theory

1973 ◽  
Vol 33 (1) ◽  
pp. 252-273 ◽  
Author(s):  
Robert R. Keller
Keyword(s):  
Income Distribution ◽  
Technical Change ◽  
Economic History ◽  
Structural Changes ◽  
The United States ◽  
Monopoly Power ◽  
Consumption Expenditures ◽  
The Great Depression ◽  
Factor Income ◽  
History Of

The traditional economic history of the 1920's emphasizes the importance of changes in the structure of the American economy. It is argued that three structural changes—monopoly power, technical change, and income distribution—tainted the prosperity of the twenties. The main features of this explanation are easily summarized. Rapid advances in technology reduced the costs of producing output. At the same time corporate monopoly power was increasing thereby restricting the tendency for output prices to fall. In the presence of weak labor unions, the interaction of technical change and monopoly power had the result of increasing “profits” relative to “wages.” The shift in the distribution of income not only favored owners of capital but it also created an imbalance between investment and consumption. Consumption expenditures could not keep pace with investment expenditures and this tendency towards underconsumption, in turn, was one reason for the onset of the Great Depression.

The impact of collective use rights on share contracts: the case of the Extractive Artisanal Regime (RAE) in Chilean hake fisheries

2020 ◽  
Vol 25 (4) ◽  
pp. 355-377
Author(s):  
César Salazar ◽  
Jorge Dresdner
Keyword(s):  
Income Distribution ◽  
Regression Model ◽  
Treatment Effect ◽  
Census Data ◽  
Regulatory Reform ◽  
Average Treatment Effect ◽  
Artisanal Fisheries ◽  
Switching Regression ◽  
Factor Income ◽  
The Impact

AbstractShare contracts are the dominant remuneration system in artisanal fisheries. Introducing regulations based on collective use rights may affect the way profits are distributed. The literature on the effect of regulatory reform on factor income distribution, however, is scarce. In this paper, we look at differences in the implementation of the Extractive Artisanal Regime in Chilean hake artisanal fisheries to test its effect on share contracts. We estimated a switching regression model using census data to calculate the average treatment effect. Our results show that crewmembers in communities regulated by some form of collective use rights receive, on average, 6 per cent more of total net incomes compared to those regulated by a limited access with global quota regime. Differences in the relation between crew size and labor rewards, as well as in the negotiating power of crewmembers under different regimes, may explain the results.

Comparing Multipliers in the Social Accounting Matrix Framework: The Case of Catalonia

10.1068/a3891 ◽  
2007 ◽  
Vol 39 (8) ◽  
pp. 2020-2029 ◽  
Author(s):  
Maria Llop
Keyword(s):  
Income Distribution ◽  
Decomposition Analysis ◽  
Social Accounting Matrix ◽  
Generation Process ◽  
Income Generation ◽  
Structural Decomposition Analysis ◽  
Structural Decomposition ◽  
Social Accounting ◽  
Complete Representation ◽  
Factor Income

Structural decomposition analysis, which is usually used within an input-output framework, allows changes in economic variables to be broken down into their determinants. Structural decomposition techniques can also be applied in social accounting matrix (SAM) models, which provide a complete representation of circular flow by adding factor-income generation and household-income distribution to the intersectorial transactions. The author uses structural decomposition analysis to reveal the factors that contribute to the changes in SAM multipliers over time. In particular, she analyses how modifying the patterns of intermediate demand, private consumption, and factor-income distribution modifies the income-generation process. Two SAMs are used, one for 1990 and one for 1994, in an empirical application for the Catalan economy. The results show that the regional multipliers in 1994 were smaller than in 1990, mainly because of a reduction in the structural coefficients of the model.

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