Schwodiauer G, Wenig A
J Popul Econ. 1990;3(1):53-71. doi: 10.1007/BF00160417.
The authors examine the determinants of the personal distribution of income and wealth using an overlapping generations model in which all individuals are assumed to be identical except for their inherited wealth. "It is shown that, in general, higher tax rates reduce distributive inequality as long as the rate of interest is exogenously given. In steady state, however, where the rate of interest is determined endogenously, increasing taxation and higher social security payments both diminish the capital labor ratio so that the rate of interest rises. If this interest effect is strong enough then it may outbalance the tendency toward more equality because higher interest rates enhance initial differences in the distribution of both income and wealth and, eventually, the inequality in the distribution of income and wealth in the society." The geographical focus is on developed countries.
作者们使用一个世代交叠模型来研究收入和财富个人分配的决定因素，在该模型中，除了继承的财富外，所有个体都被假定为相同。“研究表明，一般来说，只要利率是外生给定的，较高的税率会降低分配不平等。然而，在稳态中，利率是内生决定的，增加税收和提高社会保障支付都会降低资本劳动比率，从而使利率上升。如果这种利率效应足够强，那么它可能会抵消走向更大平等的趋势，因为较高的利率会加剧收入和财富分配的初始差异，并最终加剧社会中收入和财富分配的不平等。”地理重点是发达国家。
