Demand Composition and Income Distribution /
This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending dedicated to labour-intensive goods and services shrinks (expands) during downturns (booms), and argue that this contributes to the observed...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2014/224 |
| On-line přístup: | Full text available on IMF |