Essays on inequality and economic growth: The rate of return, the rate of growth and the wage/profit share

Jill Trinh

Research output: ThesisDoctoral Thesis

145 Downloads (Pure)

Abstract

This dissertation investigates aspects of the relationship between inequality and economic growth. The first two essays identify largely unknown historical antecedents to Thomas Piketty's fundamental laws. Specifically, it is demonstrated that both Vilfredo Pareto's 1890s empirical investigation of income distribution, culminated in `Pareto's law', and Nicholas Kaldor's 1950s theoretical model of distribution and growth, constrained by Kaldor's `stylised facts', anticipated significant features of Piketty's laws. The third essay employs the extended Kaleckian model on profit/wage-led growth and establishes empirically that growth in Australia is wage-led. Consequently, inequality in Australia may be reduced without necessarily reducing economic growth.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • McLure, Michael, Supervisor
  • Plummer, Paul, Supervisor
Thesis sponsors
Award date22 Jan 2021
DOIs
Publication statusUnpublished - 2021

Fingerprint

Dive into the research topics of 'Essays on inequality and economic growth: The rate of return, the rate of growth and the wage/profit share'. Together they form a unique fingerprint.

Cite this