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Income and Wealth Book

Income and Wealth
Income and Wealth, 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, Income and Wealth has a rating of 4.5 stars
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Income and Wealth, 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, Income and Wealth
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  • Income and Wealth
  • Written by author Tsuneo Ishikawa
  • Published by Oxford University Press, USA, April 2002
  • 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
  • Ishikawa's (economics, U. of Tokyo) 1991 Shotoku to tomo was acclaimed as a new classic on distribution theory. He had translated about half of it into English when he became sick and died in 1998, and the task was completed by a team of his studen
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List of Figures
List of Tables
1Introduction1
1.1The Purpose and Organization of The Book1
1.2Income and Wealth in Japan3
2The Concept of Distributive Justice: Ideas for Equality24
2.1The Distributive Function of the Market Mechanism and its Fairness26
2.2Various Criteria of Justice28
2.3Utilitarianism and the Material Welfare School34
2.4Rawls's Principles of Justice38
3The Labour Market and the Distribution of Income: The Neo-Classical Approach53
3.1Labour Market Equilibrium with Heterogeneous Abilities and Heterogeneous Job Preferences54
3.2Education, On-the-Job Training, and Income Distribution71
3.3Signalling Equilibrium under Conditions of Asymmetry of Information94
3.4On-the-Job Informational Learning and the Insurance Contract112
4Schooling and the Distribution of Earnings: The Development of Empirical Research140
4.1Estimation of the Internal Rate of Return to Educational Investment141
4.2Human Capital Investment and Distribution of Income: Mincer's Empirical Study144
4.3Earnings Function: Innate Ability, Family and Socio-economic Background, and the Distribution of Income156
4.4The Social Integrative Role of Schooling and the Principle of Correspondence169
5The Labour Market and the Distribution of Income: The Dual Labour Market Approach176
5.1Competing Views of the Labour Market178
5.2Division of Labour and Technology188
5.3The Dual Labour Market Hypothesis197
5.4The Dual Labour Market and the Schooling Paradox204
5.5The Productivity Incentive and the Worker's Bargaining Power218
5.6The Labour Market and the Distribution of Income: Conclusion238
6The Dual Labour Market Hypothesis and the Japanese Labour Market241
6.1The Dualistic Wage Structure among Firms of Different Size242
6.2Empirical Analysis of the Entry Fee/Bond Mechanism261
7The Generation and Distribution of Wealth283
7.1Household Saving and Intergenerational Transmission of Wealth284
7.2Education as a Means of Transmission of Wealth305
7.3Determination of the Rate of Return and Wealth Distribution in the Long Run316
7.4The Fluctuation of Asset Prices and the Distribution of Informational Power333
8Conclusion366
Bibliography374
Index391


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