2階級モデルにおける所得移転の効果

概要

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In this paper, we investigate the effect of income transfer in a neoclassical growth model. Hamada examined the problem in the Samuelson-Modigliani type model. He derived that the transfer from the capitalist class to the worker class decreases the long-run income of the latter. This insightful result depends on the assumption that saving rates are fixed. We extend his model and assume that the saving functions of both classes are convex. Thus we derived that the workers' income can be increased by the transfer from the workers to the capitalists. Also, we derived the case where there coexist Pasinetti and Anti-Pasinetti equilibria, where the workers' income can be maximized by extracting all of the capitalists' income.
関西学院大学の論文