Inflation and income inequality in a Schumpeterian economy with menu costs

被引：5
作者：
Zheng, Zhijie [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu 611130, Sichuan, Peoples R China
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Inflation; Income inequality; Menu costs; Economic growth; RESEARCH-AND-DEVELOPMENT; GROWTH; POLICY;
D O I：
10.1016/j.econlet.2019.07.009
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study incorporates heterogeneous households into a monetary Schumpeterian growth model via menu costs to explore the effect of inflation on income inequality. The source of income inequality stems from the unequal distribution across households' assets. Given that households face the same wage rate, inflation that leads to a monotonically decreasing effect on economic growth helps mitigate income inequality by weakening the contribution of asset income relative to wage income. (C) 2019 Elsevier B.V. All rights reserved.
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页数：5
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