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Evaluating Changes in the Distribution of Capital Wealth

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  • Yunker, James A

Abstract

A small-scale general equilibrium model in which the distribution of capital wealth is a key parameter is employed to examine the potential economic consequences of greater capital wealth equality. Every performance indicator examined--aggregate income, consumption equality, social welfare in the sum-of-utilities sense, and aggregate saving--is improved by greater capital wealth equality. However, the bottom-line social welfare gain, relative to the present high-inequality situation--even from the maximum achievable level of complete equality in capital wealth distribution--would be numerically rather modest. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Yunker, James A, 1994. "Evaluating Changes in the Distribution of Capital Wealth," Economic Inquiry, Western Economic Association International, vol. 32(4), pages 597-615, October.
    • Handle: RePEc:oup:ecinqu:v:32:y:1994:i:4:p:597-615
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    Cited by:

    1. James A. Yunker, 1999. "Application of The els Model: Optimal Tax Rate and Public Good Proportion," Public Finance Review, , vol. 27(1), pages 19-51, January.
    2. Yunker James A., 2013. "The Basic Income Guarantee: A General Equilibrium Evaluation," Basic Income Studies, De Gruyter, vol. 8(2), pages 203-233, December.

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