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Effects os wealth distribuition on economic activity: theorical analysis based on the brasilian economy

Grant number: 16/18755-6
Support Opportunities:Scholarships in Brazil - Master
Effective date (Start): January 01, 2017
Effective date (End): August 01, 2018
Field of knowledge:Applied Social Sciences - Economics - Economic Theory
Acordo de Cooperação: Coordination of Improvement of Higher Education Personnel (CAPES)
Principal Investigator:Laura Barbosa de Carvalho
Grantee:Eduardo Lederman Rawet
Host Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil
Associated scholarship(s):17/14763-7 - Effects of wealth distribution on economic activity: extensions to a baseline model, BE.EP.MS


This study proposes a model based on three literatures: neo-Kaleckian, Stock-Flow-Consist and wealth concentration models. Our objective is to understand the relation between income inequality, distribution of wealth and demand-side economic growth. As a first step, a basic model will be presented, with three classes (unskilled and skilled workers, and capitalists) and currency and bond wealth. This model has an analytical solution, and it will analyze the effects of wage, interest rate and marginal propensity to consume chocks on macroeconomic and distributive variables. An extended model, computationally solvable, which includes government, a central bank, commercial banks, credit, and multiple assets, will evaluate the impact of fiscal policy, tributary systems (on wealth, dividends, progressive taxation), cash transfers, minimum wage, and also effects of monetary policies, on the distribution of wealth and economic growth. The parameters for the computational solution will be obtained using Brazilian empirical data. (AU)

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Academic Publications
(References retrieved automatically from State of São Paulo Research Institutions)
RAWET, Eduardo Lederman. Wealth distribution and economic activity: a kaleckian extension. 2018. Master's Dissertation - Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) São Paulo.

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