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This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic ma

In this paper the author has atempted to clarify the characteristic of the chanes in he income distribution in post‐war Japan, in particular from he viewpoint of income equalization. The problem of equaliation in income distribution is the most important one for every welfare state, and in the case of Japan, there is a willingnes to create a welfare state, whether the trend of income distribution trends towards equalizations or not is attracting increasing atention among he authorities and among persons having an interest in Japanee affaris. The results of the author's analyses show an equalization trend up to 1949; an unequalization trend after 950; and again an equalization trend from around 1965.

"China has experienced radical societal change since the initiation of the reform and openness programme in 1978. These changes have brought about significant income discrepancy between regions, social classes and generations; rendering the fair distribution of income an ever more important socio-economic question. This book is a collection of eleven papers on the income distribution problem in Chinese society from 1978 to the early 21st century authored by Zhao Renwei, the former director of the Institute of Economics of the Chinese Academy of Social Sciences. The author examines the imbalance in income distribution in Chinese society from a socio-economic perspective and uses a myriad of examples to support his arguments while drawing conclusions as to ways forward for policy makers. The book is an essential reference for students and scholars interested in social and economic reform in Chinese society. It will appeal additionally to policy makers concerned with the question of income distribution."

The objective of this paper is to examine the affect of foreign remittances on the distribution of incomes in the home country. As noted recently by Stark, Taylor and Yitzhaki (1986), there are few works which deal with the distributional impact of revenues from abroad. This is probably due to the lack of adequate data, since the available data in most instances refer only to the overall magnitude of transfers (i.e. are considered almost exclusively from a balance of payments perspective). More empirical information on the distributional effects of workers' remittances is needed for the following reason. Existence of remittances can no longer be considered a transitory phenomenon. The importance of inter‐country migrations remains high and remittances continue to provide a substantial portion of foreign exchange resources for a number of countries. Their distributional effects cannot be ignored. Thus even if migration and the inflow of remittances associated with it do raise welfare in the source country when income distribution is implicitly assumed unchanged (see Djajic, 1986) the effects can be ambiguous once this assumption is relaxed. If remittances tend to lower overall income inequality their effect can be both positive in welfare terms and politically stabilising. The reverse, however, holds if they lead to an increase in income inequality.