Capital vs. Labor: Perspectives on Inequality and Taxation in the 21st Century
摘要截稿:
全文截稿: 2024-09-30
影响因子: 1.744
期刊难度:
CCF分类: 无
Overview
Executive Guest Editor:
Jakob Madsen, University of Western Australia, Australia
Guest Editors:
Roberto Iacono, Norwegian University of Science and Technology, Norway
Paolo Piacquadio, University of St. Gallen, Switzerland
Daniel Waldenström, Research Institute of Industrial Economics (IFN), Sweden
Special issue information
This proposed special issue of the EER delves into a key question in the current discussion and analysis of economic inequality and redistribution: the tension between capital and labor in society. It is a well-established fact that capital is more concentrated in the top of the income distribution, suggesting redistributive policies targeting capital income and wealth, and stimulating asset accumulation at the bottom of the distribution. However, economic growth depends crucially on the capital accumulation that entrepreneurs and investors generate, suggesting instead policies that promote saving and investment.
Theories and empirics on the functional income distribution have become a major topic over the past decade or so with contributions from high-caliber academics published in top journals such as QJE, Econometrica, AER, RE Stud, J of Finance and Ann Rev of Econ (please see list of select contributions attached). Despite these attempts, there are still many loose ends of an empirical nature that need to be resolved, such as the distribution of mixed income and income from intellectual property products between labor and capital (R&D, artistic work, and software), treatment of imputed rent, measurement of capital consumption, and returns to overseas factor income. The theory also needs to be further developed in terms of capital labor complementarities and the complementarities between factor biased technological progress and factors of production, and how to model the effects of AI.
We aim to bring together cutting-edge research from economics that investigates the capital-labor nexus by analyzing the effectiveness and ramifications of redistributive mechanisms (e.g., capital income vs wealth taxation, implications of AI for the capital-labor tax balance), as well as to shed new light on the structure and evolution of income and wealth distributions. Our proposed SI aims to integrate new insights from public economics and public finance, within or across country boundaries, and employ either rigorous economic modeling or empirical research grounded in data. We believe that such a topical issue will fill a gap in the current academic and policy discourse, offering novel perspectives and concrete policy recommendations that address one of the most pressing challenges in contemporary economics. We thus welcome submissions on the following topics:
Income and wealth inequality (empirics, mechanisms, and normative aspects)
Optimal redistribution (e.g., capital versus wealth taxation)
The role of technological change and AI on capital and labor
Return heterogeneity
The functional income distribution.
Manuscript submission information:
Manuscript submission information
Submission open date: 1st February 2024
Submission deadline: 30st September 2024