Capital gains, total returns and saving rates

被引:1
|
作者
Hudson, Michael [1 ,2 ]
机构
[1] Univ Missouri, Kansas City, MO 65211 USA
[2] Bard Coll, Levy Econ Inst, Annandale on Hudson, NY USA
来源
EUROPEAN JOURNAL OF ECONOMICS AND ECONOMIC POLICIES-INTERVENTION | 2013年 / 10卷 / 02期
关键词
national income accounting; saving; capital gains;
D O I
10.4337/ejeep.2013.02.06
中图分类号
F [经济];
学科分类号
02 ;
摘要
To focus on the dynamics of how financial wealth is created, obtained, and valued, this paper (1) distinguishes capital gains from income by measuring total returns, and (2) contrasts the capitalized value of rentier income (rent extraction rights and privileges from land, natural resources, and monopolies) from that of industrial profits on tangible capital investment.
引用
收藏
页码:221 / 230
页数:10
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