Income and Wealth

by Ishikawa, Tsuneo

• ISBN13: 9780198288626
• ISBN10: 019828862X
• Format: Hardcover
• Copyright: 2002-04-25
• Publisher: Oxford University Press

Summary

Ishikawa examines the neo-classical and labor market approaches to income and wealth distribution. He argues that an understanding of how each approach produces differences in income and wealth is vital for the study of income redistribution, particularly in developing countries.

Author Biography

Before his death in 1998, Tsuneo Ishikawa was Professor of Economics at the University of Tokyo.

Table of Contents

List of Figures	p. vii
List of Tables	p. ix
Introduction	p. 1
The Purpose and Organization of The Book	p. 1
Income and Wealth in Japan	p. 3
Appendix 1.1	p. 21
The Concept of Distributive Justice: Ideas for Equality	p. 24
The Distributive Function of the Market Mechanism and its Fairness	p. 26
Various Criteria of Justice	p. 28
Utilitarianism and the Material Welfare School	p. 34
Rawls's Principles of Justice	p. 38
Summary and Conclusion	p. 50
The Labour Market and the Distribution of Income: The Neo-Classical Approach	p. 53
Labour Market Equilibrium with Heterogeneous Abilities and Heterogeneous Job Preferences	p. 54
Education, On-the-Job Training, and Income Distribution	p. 71
Signalling Equilibrium under Conditions of Asymmetry of Information	p. 94
On-the-Job Informational Learning and the Insurance Contract	p. 112
Mathematical Appendix	p. 126
Schooling and the Distribution of Earnings: The Development of Empirical Research	p. 140
Estimation of the Internal Rate of Return to Educational Investment	p. 141
Human Capital Investment and Distribution of Income: Mincer's Empirical Study	p. 144
Earnings Function: Innate Ability, Family and Socio-economic Background, and the Distribution of Income	p. 156
The Social Integrative Role of Schooling and the Principle of Correspondence	p. 169
Mathematical Appendix	p. 174
The Labour Market and the Distribution of Income: The Dual Labour Market Approach	p. 176
Competing Views of the Labour Market	p. 178
Division of Labour and Technology	p. 188
The Dual Labour Market Hypothesis	p. 197
The Dual Labour Market and the Schooling Paradox	p. 204
The Productivity Incentive and the Worker's Bargaining Power	p. 218
The Labour Market and the Distribution of Income: Conclusion	p. 238
The Dual Labour Market Hypothesis and the Japanese Labour Market	p. 241
The Dualistic Wage Structure among Firms of Different Size	p. 242
Empirical Analysis of the Entry Fee/Bond Mechanism	p. 261
The Generation and Distribution of Wealth	p. 283
Household Saving and Intergenerational Transmission of Wealth	p. 284
Education as a Means of Transmission of Wealth	p. 305
Determination of the Rate of Return and Wealth Distribution in the Long Run	p. 316
The Fluctuation of Asset Prices and the Distribution of Informational Power	p. 333
Mathematical Appendix	p. 352
Conclusion	p. 366
Bibliography	p. 374
Index	p. 391
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