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Income distribution and wealth: new conceptual and methodological approaches. Summary

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  • del Castillo, Miguel

Abstract

This study analyses how value from labour (intellectual and manual) and natural resources (which also provide value) is created (gross national product), allocated (national income), distributed (disposable income), used (expenses and savings) and accumulated (wealth) in society. Instead of measuring subjective welfare inequality (happiness) through consumption, this study analyses how the value created by labour and natural resources is distributed. The purpose is to study inequality in the distribution of the value created in the economy. Although capabilities and freedom are essential, this study takes into account the broader framework drawn by the duty to respect human rights.

Suggested Citation

  • del Castillo, Miguel, 2023. "Income distribution and wealth: new conceptual and methodological approaches. Summary," Documentos de Proyectos 48759, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col022:48759
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    File URL: http://repositorio.cepal.org/handle/11362/48759
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    References listed on IDEAS

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    1. Samaniego, Norma, 2014. "La participación del trabajo en el ingreso nacional: el regreso a un tema olvidado," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 37279, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Emanuela Raffinetti & Elena Siletti & Achille Vernizzi, 2017. "Analyzing the Effects of Negative and Non-negative Values on Income Inequality: Evidence from the Survey of Household Income and Wealth of the Bank of Italy (2012)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 133(1), pages 185-207, August.
    3. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
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