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Income Distribution and the Macroeconomy: Some Conceptual and Measurement Issues

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  • Srinivasan T.N.

Abstract

Being intended for students interested with the dynamics of interaction of the macroeconomy, income distribution and poverty and who are users of data and econometric models, this article highlights the conceptual weaknesses, measurement errors and biases of national accounts and household survey data that are commonly used in distributional analyses. It selectively reviews the literature on the methodology of linking income distribution to the macroeconomy.

Suggested Citation

  • Srinivasan T.N., 1992. "Income Distribution and the Macroeconomy: Some Conceptual and Measurement Issues," Philippine Journal of Development JPD 1992 Vol. XIX No. 2-a, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1992_vol__xix_no__2-a
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    References listed on IDEAS

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    1. Eisner, Robert, 1988. "Extended Accounts for National Income and Product," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1611-1684, December.
    2. Scott, Maurice, 1990. "Extended Accounts for National Income and Product: A Comment," Journal of Economic Literature, American Economic Association, vol. 28(3), pages 1172-1179, September.
    3. Charles Beach, 1976. "Cyclical Impacts on the Personal Distribution of Income," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 1, pages 29-52, National Bureau of Economic Research, Inc.
    4. Tinbergen, Jan, 1970. "A Positive and a Normative Theory of Income Distribution," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 16(3), pages 221-234, September.
    5. Jan Tinbergen, 1970. "A Positive And A Normative Theory Of Income Distribution," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 16(3), pages 221-234, March.
    6. Blejer, Mario I & Guerrero, Isabel, 1990. "The Impact of Macroeconomic Policies on Income Distribution: An Empirical Study of the Philippines," The Review of Economics and Statistics, MIT Press, vol. 72(3), pages 414-423, August.
    7. Deaton, Angus S & Ruiz-Castillo, Javier & Thomas, Duncan, 1989. "The Influence of Household Composition on Household Expenditure Patterns: Theory and Spanish Evidence," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 179-200, February.
    8. Bourguignon, Francois & Branson, William H. & de Melo, Jaime, 1992. "Adjustment and income distribution : A micro-macro model for counterfactual analysis," Journal of Development Economics, Elsevier, vol. 38(1), pages 17-39, January.
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    Keywords

    income distribution;

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