The Principal Problem in Political Economy: Income Distribution in the History of Economic Thought

Sandmo, Agnar

doi:10.2139/ssrn.2337488

Cited by 19 publications

(15 citation statements)

References 97 publications

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“…The ability-to-pay principle, on the other hand, does contribute in the direction of more equality. In fact, it is this principle that underlies the Samuelson optimality conditions and which implies that the 9 For further discussion of the two principles and their intellectual roots see Sandmo (2015a).…”

Section: Sharing the Costsmentioning

confidence: 99%

The Public Economics of Climate Change

Sandmo

2015

SSRN Journal

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This paper considers the challenges to the field of public economics that arise from the issue of global warming. It outlines the argument for viewing the global climate as a public good and describes the problems that emerge when one tries to apply the insights of public goods theory to global public goods such as global warming. Special topics considered include the free rider problem in an international context and the extent to which private preferences should be taken into account in policy formation. The paper also includes a discussion of cost sharing in global climate policy and the design of policy when instruments for redistribution are imperfect. Green taxes are powerful tools for regulating emissions, and these are discussed both in a national and international context with emphasis on the proposal for a global CO 2 tax. Finally there is a discussion of the several dimensions of distributional justice that arise in the context of climate policy.

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Section: Sharing the Costsmentioning

confidence: 99%

The Public Economics of Climate Change

Sandmo

2015

SSRN Journal

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“…The household monthly non-food expenditure was reported by the respondent who knew the household financial resources best and answered household income and household expenditure questions on behalf of the household. Because the magnitudes of out-of-pocket expenditure for health care and household non-food expenditures are very dependent on household size, they were adjusted by a commonly-used equivalent scale dividing total household income by the square root of the household size (Sandmo 2000).…”

Section: Catastrophic Health Expenditurementioning

confidence: 99%

“…Monthly household income and total household assets were included as financial resource variables. Income and net assets were divided by the square root of household size to adjust for the effect of household size on those variables (Sandmo 2000). They were also log-transformed to relieve their skewed distributions.…”

Section: Control Variablesmentioning

confidence: 99%

Catastrophic Health Expenditures and Life Satisfaction: A Case in South Korea

Kim

Hong

2015

J Fam Econ Iss

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This study examined the prevalence of households in South Korea that had experienced catastrophic health expenditures (CHE) and the impact of such expenditures on life satisfaction. Using data from the 2010 Korean Longitudinal Study of Ageing, this study found that the poverty-national health insurance (NHI) group had the highest likelihood of having CHE but the effect on life satisfaction of having CHE varied among the household groups, mainly in terms of income level and type of medical benefit programs. Households in the poverty-NHI group exhibited much lower satisfaction compared to other groups when they experienced CHE. This study further showed that the harmful effect of facing CHE was confined not only to poor health outcomes or economic hardships but also extended to generally lower life satisfaction in the poverty-NHI group. These findings underscore the importance of providing an adequate financial safety net for the health care of households in the poverty-NHI group.

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“…A repartição funcional do rendimento -isto é, a questão da sua distribuição primária pelos diferentes fatores de produção e em particular entre rendimentos do trabalho (salários) e rendimentos do capital (lucros, juros e rendas) -é um dos grandes temas da economia política desde os seus primórdios. David Ricardo, numa passagem famosa do prefácio dos Princípios de Economia Política e de Tributação, chegou mesmo a afirmar que a determinação das leis que regulam a distribuição do produto pelas diferentes classes seria "a principal questão da economia política" (Ricardo, 2001(Ricardo, [1817Sandmo, 2015). Com efeito, são vários os motivos que justificam o interesse recorrente pelo tema desde os economistas clássicos, incluindo a sua relação com as dinâmicas de acumulação de capital, crescimento económico e procura agregada ou o seu papel enquanto determinante da desigualdade interpessoal.…”

Section: Introductionunclassified

Acerca da Repartição Funcional do Rendimento na Economia Portuguesa

Abreu

2020

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Este artigo analisa empiricamente a evolução da parte dos salários no rendimento em Portugal entre 1960 e 2017, propondo uma grelha de interpretação da evolução da repartição funcional na economia portuguesa caracterizada pela existência de diferentes períodos. Consoante o período em questão, os resultados empíricos revelam a existência de associações fortes e significativas da evolução da repartição funcional com a taxa de crescimento real do PIB, com a taxa de inflação e com a taxa de desemprego, respetivamente. Estes resultados sugerem a sucessão ao longo do tempo de diferentes regimes de regulação da distribuição funcional do rendimento na economia portuguesa, que passam de contracíclicos a procíclicos no decurso do período em análise.

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The Principal Problem in Political Economy: Income Distribution in the History of Economic Thought

Abstract: The paper considers the history of theories of income distribution, from the JEL Classification: B10, B20, D30, D63.

Cited by 19 publications

References 97 publications

The Public Economics of Climate Change

The Public Economics of Climate Change

Catastrophic Health Expenditures and Life Satisfaction: A Case in South Korea

Acerca da Repartição Funcional do Rendimento na Economia Portuguesa

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