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Production Risk and the Functional Distribution of Income in a Developing Economy
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Posted by: LAM
Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses*
Cecilia García-Peñalosa
GREQAM and CNRS
Stephen J. Turnovsky**
University of Washington
Revised version
October 2003
http://www.econ.washington.edu/user/...vsky-final.pdf
* Many people do not understand the systemic problem with the declining share of the national income that goes to labor. This paper sheds some light on this topic.
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Production Risk and the Functional Distribution of Income in a Developing Economy
