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HOW LONG DOES ECONOMIC INJUSTICE LAST?
National Institute Economic Review ( IF 1.2 ) Pub Date : 2021-03-16 , DOI: 10.1017/nie.2020.50
David Miles

This article assesses whether economic injustices that took place in the past still have significant implications for the material welfare of people many years later. That issue is central to the question of how fair is the distribution of wealth and income today. It is also relevant to issues of reparations for past wrongs. I find that in standard neoclassical models of economic growth the lingering effects of injustice from more than 70 years ago are generally small. But effects can last much longer once we allow for impacts of past injustices to be transmitted through human capital accumulation as well as physical capital.

中文翻译:

经济不公会持续多久?

本文评估了过去发生的经济不公正是否在多年后仍然对人们的物质福利产生重大影响。这个问题是当今财富和收入分配公平程度的核心问题。它也与过去错误的赔偿问题有关。我发现,在标准的新古典经济增长模型中,70 多年前不公正的挥之不去的影响通常很小。但是,一旦我们允许过去不公正的影响通过人力资本积累和物质资本传递,影响就会持续更长时间。
更新日期:2021-03-16
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