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A positive theory of optimal personal income distribution and growth

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  • Gerold Blümle
  • Friedrich Sell

Abstract

The core of this paper (in a microeconomic foundation on three levels—income generation, income spending, and social climate of the society) consists of a concave relationship between the (in) equality of personal income and the per capita growth rate. The results mentioned are derived in conjunction with a social welfare function which is bounded by the concave function. Furthermore, ample empirical evidence is shown for the suggestions made in this paper. Copyright International Atlantic Economic Society 1998

Suggested Citation

  • Gerold Blümle & Friedrich Sell, 1998. "A positive theory of optimal personal income distribution and growth," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 26(4), pages 331-352, December.
  • Handle: RePEc:kap:atlecj:v:26:y:1998:i:4:p:331-352
    DOI: 10.1007/BF02299448
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    File URL: http://hdl.handle.net/10.1007/BF02299448
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    Cited by:

    1. Sell, Friedrich L., 2001. "Braucht es monetäre und reale Konvergenz für eine (in einer) Währungsunion? Anmerkungen zu einer aktuellen Debatte," Working Papers in Economics 2001,1, Bundeswehr University Munich, Economic Research Group.

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