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Does Redistribution Increase Output?, No. 17-01

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Does Redistribution Increase Output?, No. 17-01

DATE: January 2017

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ABSTRACT: According to conventional wisdom, wealth redistribution boosts output by increasing aggregate consumption. However, while redistributive policies can have a short-run stimulative effect on consumption, their effect on output depends, potentially quite importantly, on the nature of household labor supply.

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Athreya, Kartik B., 1971- , Owens, Andrew , Romero, Jessica Sackett , Schwartzman, Felipe Farah, 1981- and Federal Reserve Bank of Richmond. "Does Redistribution Increase Output?, No. 17-01," Economic Brief (January 2017). https://fraser.stlouisfed.org/title/6034/item/583956, accessed on December 5, 2022.

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