Income and wealth / Tsuneo Ishikawa.

Format:

Book

Author/Creator:

Ishikawa, Tsuneo, 1947-1998.

Standardized Title:

Shotoku to tomi. English

Language:

English

Japanese

Subjects (All):

Economics--Mathematical models.

Economics.

Income--Mathematical models.

Income.

Wealth--Mathematical models.

Wealth.

Physical Description:

x, 401 pages : illustrations ; 24 cm

Place of Publication:

Oxford ; New York : Oxford University Press, 2001.

Language Note:

Translated from Japanese.

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.

Contents:

1.2. Income and Wealth in Japan 3

2. The Concept of Distributive Justice: Ideas for Equality 24

2.1. The Distributive Function of the Market Mechanism and its Fairness 26

2.2. Various Criteria of Justice 28

2.3. Utilitarianism and the Material Welfare School 34

2.4. Rawls's Principles of Justice 38

3. The Labour Market and the Distribution of Income: The Neo-Classical Approach 53

3.1. Labour Market Equilibrium with Heterogeneous Abilities and Heterogeneous Job Preferences 54

3.2. Education, On-the-Job Training, and Income Distribution 71

3.3. Signalling Equilibrium under Conditions of Asymmetry of Information 94

3.4. On-the-Job Informational Learning and the Insurance Contract 112

Appendix 3.1 Mathematical Appendix 126

4. Schooling and the Distribution of Earnings: The Development of Empirical Research 140

4.1. Estimation of the Internal Rate of Return to Educational Investment 141

4.2. Human Capital Investment and Distribution of Income: Mincer's Empirical Study 144

4.3. Earnings Function: Innate Ability, Family and Socio-economic Background, and the Distribution of Income 156

4.4. The Social Integrative Role of Schooling and the Principle of Correspondence 169

Appendix 4.1 Mathematical Appendix 174

5. The Labour Market and the Distribution of Income: The Dual Labour Market Approach 176

5.1. Competing Views of the Labour Market 178

5.2. Division of Labour and Technology 188

5.3. The Dual Labour Market Hypothesis 197

5.4. The Dual Labour Market and the Schooling Paradox 204

5.5. The Productivity Incentive and the Worker's Bargaining Power 218

5.6. The Labour Market and the Distribution of Income: Conclusion 238

6. The Dual Labour Market Hypothesis and the Japanese Labour Market 241

6.1. The Dualistic Wage Structure among Firms of Different Size 242

6.2. Empirical Analysis of the Entry Fee/Bond Mechanism 261

7. The Generation and Distribution of Wealth 283

7.1. Household Saving and Intergenerational Transmission of Wealth 284

7.2. Education as a Means of Transmission of Wealth 305

7.3. Determination of the Rate of Return and Wealth Distribution in the Long Run 316

7.4. The Fluctuation of Asset Prices and the Distribution of Informational Power 333

Appendix 7.1 Mathematical Appendix 352.

Notes:

"This publication was supported by a generous donation from the Daido Life Foundation."

Includes bibliographical references (pages [374]-390) and index.

ISBN:

019828862X

OCLC:

46713110