caa a22 4500 397572840 CHVBK 20180308164846.0 cr unu---uuuuu 161202e199605 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013619 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013619 Government debt, income distribution and growth [Elektronische Daten] [You Jong-Il, Amitava Krishna Dutt] This paper takes up the question of whether government debt worsens the distribution of income as tax revenues from workers are used to pay for the interest on the debt held by the rich. In so doing, we develop a post-Keynesian model in which growth is determined by aggregate demand rather than by die supply of resources and income is distributed between workers who earn wages and capitalists who receive profit and interest income. Our analysis highlights the possible expansionary effect of a rise in government debt which may raise the income of the workers, and it shows that its precise effect on income inequality depends on die circumstances under which government debt rises. © 1996 Academic Press Limited Articles nationallicence Jong-Il You Ritsumeikan University Japan aut Dutt Amitava Krishna †University of Notre Dame USA aut Cambridge Journal of Economics Oxford University Press 20/3(1996-05), 335-351 0309-166X 20:3<335 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013619 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013619 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Jong-Il You Ritsumeikan University Japan aut NATIONALLICENCE 700 1- Dutt Amitava Krishna †University of Notre Dame USA aut NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/3(1996-05), 335-351 0309-166X 20:3<335 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford