HOW LONG DOES ECONOMIC INJUSTICE LAST?

IF 1.2 Q3 ECONOMICS

National Institute Economic Review Pub Date : 2021-02-01 DOI:10.1017/nie.2020.50

D. Miles

引用次数: 0

Abstract

This article assesses whether economic injustices that took place in the past still have significant implications for the material welfare of people many years later. That issue is central to the question of how fair is the distribution of wealth and income today. It is also relevant to issues of reparations for past wrongs. I find that in standard neoclassical models of economic growth the lingering effects of injustice from more than 70 years ago are generally small. But effects can last much longer once we allow for impacts of past injustices to be transmitted through human capital accumulation as well as physical capital.

查看原文本刊更多论文

经济不公会持续多久？

这篇文章评估了过去发生的经济不公正现象是否在多年后仍对人们的物质福利产生重大影响。这个问题是当今财富和收入分配如何公平的核心问题。它还涉及对过去错误的赔偿问题。我发现，在标准的新古典经济增长模型中，70多年前不公正现象的挥之不去的影响通常很小。但是，一旦我们允许过去不公正的影响通过人力资本积累和实物资本传播，这种影响可能会持续更长时间。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

National Institute Economic Review ECONOMICS-

CiteScore

3.70

自引率

9.50%

发文量

期刊介绍： The National Institute Economic Review is the quarterly publication of the National Institute of Economic and Social Research, one of Britain"s oldest and most prestigious independent research organisations. The Institutes objective is to promote, through quantitative research, a deeper understanding of the interaction of economic and social forces that affect peoples" lives so that they may be improved. It has no political affiliation, and receives no core funding from government. Its research programme is organised under the headings of Economic Modelling and Analysis; Productivity; Education and Training and the International Economy.