Volume 23, Number 3-4 (September-December 2014)
The Journal of Income Distribution, Volume 23, Number 3-4 (September-December 2014) is now posted in its electronic form. The print copy of this issue will be out shortly as well. The Editorial Office of the Journal extends its apologies to readers for the continuing delay in dissemination of the timely research within its care. The JID has most recently had the good fortune to have had a new group of Managing Editors, Technical Editor, and Assistant Managing Editors join its editorial team. Increased available hours with this academic team, involved in all phases of its production, should translate into the publication calendar of the Journal of Income Distribution steadily catching up with itself. Manuscript preparation continues, and the pace of dissemination will pick up rapidly in the next few months.
The Journal of Income Distribution continues to provide a forum for analysis of the distribution and redistribution of income. It offers to scholars the opportunity to disseminate their research on the measurement, the causes, and the consequences of income distribution and redistribution at virtually any scale. Submissions, containing either empirical or theoretical work, on the following and related topics (proposed in no particular order) and more will be considered for publication:
The timely topic of "financial crises" is addressed in this new Special Issue, dated September-December 2014. The JID welcomed the opportunity to publish this collection of articles deriving from a select number of papers presented at the conference “Crises and the Distribution”, held in Berlin, September 29-30, 2014, at the Berlin Brandenburg Academy of Science. Christos Koulovatianos of the University of Luxembourg, co-organiser and now co-Managing Editor of the Journal of Income Distribution introduces this issue, which reflects the following conviction of all its editors and contributors: it is reasonable to think that specific misallocations detectable in income and wealth distributions might have their origin in an economic crisis. So persuaded of this were the organisers of the conference and this ensuing special volume that the definition of “economic crisis” selected as best serving their perspective is “a rapid development of events manifested by sudden misallocation of resources”.
Koulovatianos identifies the third and fourth articles in this Issue as speaking specifically to the aspect of misallocation found in the chosen definition of “crisis”. The third article, titled “Multifactorial Decomposition of Inequality: the case of CAP”, by Arsen Palestini and Giuseppe Pignataro, in that it deals with methods for multidimensional-inequality assessments represents, he notes, the type of research that can help advance the toolbox of economics for describing the multiple facets of a misallocation event. The fourth article, called “The Political Economy of Easy Credit Policies”, by Karim Azizi and Thibault Darcillon, deals with the mechanisms driving inequality dynamics, which, as a study, points, Koulovatianos feels, perhaps to the detection of a key pre-crisis misallocation mechanism and sets an exciting question to test in future research.
Junyi Zhu’s article, entitled “Bracket Creep Revisited –Without and With r>g: Evidence from Germany”, the last in this Special Issue, presents a tax micro-simulation model (applied to the Panel on Household Finance in Germany). While the model is designed to study the effects of inflation on the income tax and social insurance contribution system, deriving from it, the author reports, could be the immediate uses of currency-crisis evaluations and assessments of the effects of crisis on different income/wealth classes. This article speaks, according to Koulovatianos, to attempts to respond to the crying need for more explanations of economic allocations through models and simulations, and for empirical testing of those models.
As Volume 23, Number 3-4 of the JID is a Special Issue dedicated to financial crises and income distribution, all five of its articles stem from an interest in the topic. The second is no exception. Lino Briguglio and Melchior Vella, the authors of the second article, “Technological advance and the labor share of national income in the European Union”, look, however, specifically at a long-term trend, a fall in the labor shares, which can be attributed to technological progress. The characteristics among labor shares, measured post-crisis, are considered most informative: “the dynamics might reveal a key driving force behind how technological advances may be reflected in asset-price dynamics”.
The Introduction to this issue of the Journal of Income Distribution, Volume 23, Number 3-4 (September-December 2014) also mentions two keynote lectures presented at the conference which is behind the Issue: one by Martin Hellwig, Director of the Max Planck Institute for Research on Collective Goods, the other by Anders Björklund, Director of Stockholm University, Swedish Institute for Social Research.
Readers are reminded that in addition to the contents of the current issue, all those of previous issues dating back to the Volume 15 Index Issue are available in full to subscribers, either in print or on-line here. For all issues past and current, Tables of Contents and Abstracts are freely available on-line.
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