Dear Colleague,
We cordially invite you to the next wiiw seminar on
Thursday, 6 October, 2016, 4:00 am
wiiw, Rahlgasse 3, 1060 Vienna, (Library, 2nd floor)
Wealth Concentration, Income Distribution, and Alternatives for the USA
Armon Rezai
Institute for Ecological Economics Department of Socio-Economics WU Wien
Abstract
US household wealth concentration is not likely to decline in response to fiscal interventions alone. Creation of an independent public wealth fund could lead to greater equality. Similarly, once-off tax/transfer packages or wage increases will not reduce income inequality significantly; on-going wage increases in excess of productivity growth would be needed. These results come from the accounting in a simulation model based on national income and financial data. The theory behind the model borrows from ideas that originated in Cambridge UK (especially from Luigi Pasinetti and Richard Goodwin).
(Papers and presentation slides, as far as available, are posted on our homepage http://wiiw.ac.at/events.html after the respective seminars.)
Best regards,
Univ.Prof.Dr. Michael Landesmann Dr. Sándor Richter
Former Scientific Director wiiw Organizer
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Michaela Bönisch
Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
The Vienna Institute for International Economic Studies
Rahlgasse 3, A-1060 Wien
T: +43 1 533 66 10 - 40
F: +43 1 533 66 10 - 50
boenisch@wiiw.ac.at
http://www.wiiw.ac.at/
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