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Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme

Yıl 2017, Sayı: 628, 29 - 41, 01.06.2017

Öz

Bu makale, eşitsizliğin büyüme üzerindeki etkileriyle ilgili eski tartışmayı, büyüme modellerini sosyal ödüllerin rolüne ait nispeten yeni bulgular ve özellikle “Göreceli-Yoksunluk” (GY) kavramı ile genişleterek araştırmak için bir girişimdir. Çevresine kıyasla yoksunlaşmanın yarattığı hoşnutsuzluğa bir tepki, insanları servet biriktirme gayretlerini arttırmaları (daha fazla tasarruf ya da daha çok çalışmayla) olabilir. Böyle bir ortamda nispeten yoksun olmanın sonucu olarak büyüme etkisi gözlemlenebilir. Makalenin amacı GY sonucu artan çalışma gayreti ve servet biriktirme arzusunun eşitsizlik arttıkça beraberinde yüksek büyüme getirebileceğini göstermektir. Bireylerin tüketimi sevip çalışmayı sevmediği klasik bir büyüme modelini, bireyin toplam servetinin bir fonksiyonu olarak ölçtüğümüz GY ölçütünü ekleyerek geliştiriyoruz. Bireylerin GY’a önem vermesi durumunda, emeğin fayda fonksiyonunda nasıl tepki verdiğine bağlı olarak eşitsizliğin büyüme arttırıcı ya da azaltıcı etkisi olabileceğini gösteriyoruz. Eşitsizliğin hangi koşullar altında yüksek veya düşük büyümeye dönüştüğünü ve GY endişesinin servet birikimini nasıl etkilediğini inceliyoruz. Model sonuçlarına göre büyüme ile servet eşitsizliği arasındaki ilişki belirsizliğini korumaktadır.

Kaynakça

  • AGHİON, P. and BOLTON, P., (1997), “A Trickle-Down Theory of Growth and Development with Debt Overhang”, Review of Economic Studies, 64(2), pp. 151-162.
  • AGHİON, P. CAROLİ, E. and GARCİA-PENALOSA, C. ; (1999), “Inequality and Economic Growth: The Perspective of the New Growth Theories”, Journal of Economic Literature, 37(4), pp. 1615-1660.
  • ALESİNA, A. and PEROTTİ, R.; (1996), “Income Distribution, Political Instability and Investment”, European Economic Review, 81(5), pp. 1170–1189.
  • ALESİNA, A. and RODRİK, D.; (1994), “Distributive Politics and Economic Growth”, Quarterly Journal of Economics, 109 (2) , pp. 465-490.
  • BENABOU, R.; (1996), “Inequality and Growth”, NBER Macroeconomics Annual, pp. 11–73 BENHABİB, J. and RUSTİCHİNİ, A.; (1998), “Social Conflict and Growth”, Journal of Economic Growth,1(1), pp. 143-158.
  • BERTOLA, G.; (1993), “Factor Shares and Savings in Endogenous Growth”, American Economic Review, 83, pp. 1184–1198.
  • BİLANCİNİ, E. and D’ALESSANDRO, S.; (2012), “Long-run welfare under externalities in consumption, leisure, and production: A Case for Happy Degrowth vs. Unhappy Growth”, Ecological Economics, 84(C), pp. 194-205
  • BLANCHFLOWER, D. G. and OSWALD, A. J.; (2008) “Hypertension and Happiness across Nations.” Journal of Health Economics, 27( 2), pp. 218-233.
  • BOSSERT, W. and D’AMBROSİO, C.; (2006), “Reference Groups and Individual Deprivation.” Economics Letters, 90 (3), pp. 421-426.
  • CHOU, C. F., and TALMAİN, G.; (1996), “Redistribution and Growth: Pareto Improvements”, Journal of Economic Growth, 1 (4), pp. 505-523.
  • CLARK, A. and OSWALD, A.; (1996), “Satisfaction and Comparison Income”, Journal of Public Economics, 61(3), pp. 359- 381.
  • COLE, H. L., MAİLATH, G. J. and POSTLEWAİTE, A.; (1992), “Social Norms, Savings Behavior, and Growth”, Journal of Political Economy, 100(6), pp. 1092-1125.
  • CORNEO, G. and JEANNE, O.; (1999), “Pecuniary Emulation, Inequality and Growth”, European Economic Review, 43(9), pp. 1665-1678.
  • CORNEO, G. and JEANNE, O.; (2001) “Status, the Distribution of Wealth, and Growth”, Scand Journal of Economics, 103(2): pp. 283–293.
  • EASTERLİN, R. A.; (1995), “Will Raising the Incomes of All Increase the Happiness of All?”, Journal of Economic Behavior and Organization, 27, pp. 35-47.
  • EBERT, U. and MOYES, P.; (2000), “An Axiomatic Characterization of Yitzhaki’s Index of Individual Deprivation.” Economics Letters, 68 (3), pp. 263-270.
  • FERRER-İ-CARBONNEL, A.; (2005), “Income and Well-Being: An Empirical Analysis of The Comparison Income Effect”, Journal of Public Economics, 89(5-6), pp. 997-1019.
  • FERSHTMAN, C., MURPHY, K. M. and WEİSS, Y.; (1996), “Social Status, Education and Growth”, Journal of Political Economy, 106, pp. 108-132.
  • FLİESSBACH, K., WEBER, B., TRAUTNER, P., DOHMEN, T., SUNDE, U., ELGER, C.E. and FALK, A.; (2007), “Social Comparison Affects Reward-Related Brain Activity in The Human Ventral Striatum”, Science, 318(5854), pp. 1305-1308.
  • FRANK, R.; (1985), Choosing the Right Pond, Oxford University Press, New York. FUTAGAMİ, K. and SHİBATA, A.; (1998), “Keeping One Step Ahead of the Joneses: Status, the Distribution of Wealth, and Long Run Growth”, Journal of Economic Behavior and Organization, 36 (1), pp. 109-126.
  • GALOR, O., and ZEİRA, J.; (1993), “Income Distribution and Macroeconomics”, Review of Economic Studies, 60, pp. 35–52.
  • GUPTA, D.; (1990), The Economics of Political Violence, Praeger, New York. HEİKKİNEN, T.; (2015), “(De)growth and Welfare in an Equilibrium Model With Heterogeneous Consumers”, Ecological Economics, 116(C), pp. 330-340.
  • HİBBS, D.; (1973), Mass Political Violence: A Cross-Sectional Analysis, Wiley, New York.
  • HOPKİNS, E. and KORNİENKO, T.; (2006), “Inequality and Growth In The Presence Of Competition For Status”, Economics Letters, 93 (2), pp. 291-296.
  • KALDOR, N.; (1955), “Alternative Theories of Distribution”, The Review of Economic Studies Ltd, 23 (2), pp. 83-100.
  • KONRAD, K.; (1992), “Wealth Seeking Reconsidered”, Journal of Economic Behavior and Organization, 18, pp. 215-227.
  • KUZNETS, S.; (1955), “Economic Growth and Income Inequality”, American Economic Review, 45, pp. 1–28.
  • LONG, N.V. and SHİMOMURA, K..; (2004), “Relative Wealth, Status Seeking and Catching-Up”, Journal of Economic Behavior and Organization, 53, pp. 529– 542.
  • LUTTMER, E.F.P.; (2005) “Neighbors as Negatives: Relative Earnings and Well-Being”, Quarterly Journal of Economics, 120(3), pp. 963-1002.
  • MANİ, A. (2001) “Income Distribution and Demand Constraint”, Journal of Economic Growth, 6(2), pp. 107-133.
  • MATSUYAMA, K.; (2002), “The Rise of Mass Consumption Societies”, Journal of Political Economy, 110(5), pp. 1035-1070.
  • NEUMARK, D. and POSTLEWAİTE, A.; (1998), “Relative Income Concerns and the Rise in Married Women’s Employment”, Journal of Public Economics, 70, pp. 157-183.
  • PENG, P.; (2008), “Relative Deprivation, Wealth Inequality and Economic Growth”, Journal of Economics, 94(3), pp. 223-229.
  • PEROTTİ, R.; (1993), “Political Equilibrium, Income Distribution and Growth”, Review of Economic Studies, 60, pp. 755–776.
  • PERSSON, T., and TABELLINI, G.; (1994), “Is Inequality Harmful for Growth? Theory and Evidence”, American Economic Review, 84(3), pp. 600–621.
  • PHAM, T. K. C.; (2005), “Economic Growth and Status-Seeking Through Personal Wealth”, European Journal of Political Economy, 21 (2), 407-427.
  • PIKETTY, T.; (1997), “The Dynamics of the Wealth Distribution and Interest Rates with Credit Rationing”, Review of Economic Studies, 64 (2), pp. 173-189.
  • RUNCİMAN, W. G.; (1966), Relative Deprivation and Social Justice. A Study of Attitudes to Social Inequality in TwentiethCentury England, University of California Press, Berkeley, California.
  • SENİK, C.; (2009) “Direct Evidence on Income Comparisons and Their Welfare Effects”, Journal of Economic Behavior and Organization, 72, pp. 408–424.
  • STARK, O. and HYLL, W.; (2011) “On the Economic Architecture of the Workplace: Repercussions of Social Comparisons among Heterogeneous Workers”, Journal of Labor Economics, 29 (2), pp. 349-375.
  • STARK, O.; (2006) “Status Aspirations, Wealth Inequality and Economic Growth”, Review of Development Economics, 10, pp. 171–176.
  • STOUFFER, S.A., LUMSDAİNE, A.A., LUMSDAİNE, M.H., WİLLİAMS, R.M. JR., SMİTH, M.B., JANİS, I.L., STAR, S.A.
  • COTTRELL, L.S. JR.; (1949), Studies in Social Psychology in World War II Vol. II: The American Soldier: Combat and Its Aftermath, Princeton University Press, Princeton. TAKAHASHİ, H., KATO, M., MATSUURA, M., MOBBS, D.
  • SUHARA, T. and OKUBO, Y.; (2009) “When Your Gain Is My Pain and Your Pain Is My Gain: Neural Correlates of Envy and Schadenfreude”, Science, 323(5916), pp. , 937-939.
  • TOURNEMAİNE, F. and TSOUKİS, C.; (2008), “Relative consumption, relative wealth and growth”, Economics Letters, 100(2), pp. 314-316.
  • TVERSKY, A. and KAHNEMAN, D.; (1991) “Loss Aversion in Riskless Choice: A Reference Dependent Model”, Journal of Economic Literature, 106, pp. 1039-1061.
  • VEBLEN, T.; (1922), The Theory of the Leisure Class: An Economic Study of Institutions, B.W. Huebsch, New York .
  • VENİERİS, Y. and GUPTA, D.; (1986), “Income Distribution and Sociopolitical Instability as Determinants of Savings: A Cross-Sectional Model”, Journal of Political Economy, 94, pp. 873–883.
  • YİTZHAKİ, S.; (1979), “Relative Deprivation and the Gini Coefficient”, The Quarterly Journal of Economics, 93, 2, pp. 321- 324.
  • ZİZZO, D. J., and OSWALD, A. J.; (2001) “Are People Willing To Pay To Reduce Others’ Incomes?”, Annals of Economics and Statistics, GENES, 63-64, pp. 39-65.
  • ZOU, H. F.; (1994), “The Spirit of Capitalism and Long-run Growth”, European Journal of Political Economy, 10(2), pp. 279-293.
  • ZWEİMÜLLER, J.; (2000), “Schumpeterian Entrepreneurs Meet Engel’s Law: The Impact of Inequality on Innovation-Driven Growth”, Journal of Economic Growth, 5(2), pp. 185 - 206

A Model on Relative Deprivation, Inequality and Growth

Yıl 2017, Sayı: 628, 29 - 41, 01.06.2017

Öz

We attempt to investigate the old debate of the effects of inequality on growth by extending the early growth models with the relatively new findings on the role of social rewards, particularly the concept of “relative deprivation” (hereafter RD). One response for the discontent of falling behind others might be for people to increase their effort to accumulate wealth (to save or to work harder). In such a setting, we might observe a growth effect. Our motive is to show that increased effort to work and accumulate wealth as result of RD can lead to higher growth as inequality increases. We extend a classical growth model where individuals like consumption and dislike work by including a concern for RD measured as a function of individual’s total wealth. We show that when individuals are concerned for RD, inequality can either be growth enhancing or growth reducing depending how the utility function responds to the disutility from labor. We analyze the conditions under which inequality translates to higher or lower growth and how the concern for RD affects wealth accumulation. According to the findings, the ambiguous relationship between inequality and growth persists.

Kaynakça

  • AGHİON, P. and BOLTON, P., (1997), “A Trickle-Down Theory of Growth and Development with Debt Overhang”, Review of Economic Studies, 64(2), pp. 151-162.
  • AGHİON, P. CAROLİ, E. and GARCİA-PENALOSA, C. ; (1999), “Inequality and Economic Growth: The Perspective of the New Growth Theories”, Journal of Economic Literature, 37(4), pp. 1615-1660.
  • ALESİNA, A. and PEROTTİ, R.; (1996), “Income Distribution, Political Instability and Investment”, European Economic Review, 81(5), pp. 1170–1189.
  • ALESİNA, A. and RODRİK, D.; (1994), “Distributive Politics and Economic Growth”, Quarterly Journal of Economics, 109 (2) , pp. 465-490.
  • BENABOU, R.; (1996), “Inequality and Growth”, NBER Macroeconomics Annual, pp. 11–73 BENHABİB, J. and RUSTİCHİNİ, A.; (1998), “Social Conflict and Growth”, Journal of Economic Growth,1(1), pp. 143-158.
  • BERTOLA, G.; (1993), “Factor Shares and Savings in Endogenous Growth”, American Economic Review, 83, pp. 1184–1198.
  • BİLANCİNİ, E. and D’ALESSANDRO, S.; (2012), “Long-run welfare under externalities in consumption, leisure, and production: A Case for Happy Degrowth vs. Unhappy Growth”, Ecological Economics, 84(C), pp. 194-205
  • BLANCHFLOWER, D. G. and OSWALD, A. J.; (2008) “Hypertension and Happiness across Nations.” Journal of Health Economics, 27( 2), pp. 218-233.
  • BOSSERT, W. and D’AMBROSİO, C.; (2006), “Reference Groups and Individual Deprivation.” Economics Letters, 90 (3), pp. 421-426.
  • CHOU, C. F., and TALMAİN, G.; (1996), “Redistribution and Growth: Pareto Improvements”, Journal of Economic Growth, 1 (4), pp. 505-523.
  • CLARK, A. and OSWALD, A.; (1996), “Satisfaction and Comparison Income”, Journal of Public Economics, 61(3), pp. 359- 381.
  • COLE, H. L., MAİLATH, G. J. and POSTLEWAİTE, A.; (1992), “Social Norms, Savings Behavior, and Growth”, Journal of Political Economy, 100(6), pp. 1092-1125.
  • CORNEO, G. and JEANNE, O.; (1999), “Pecuniary Emulation, Inequality and Growth”, European Economic Review, 43(9), pp. 1665-1678.
  • CORNEO, G. and JEANNE, O.; (2001) “Status, the Distribution of Wealth, and Growth”, Scand Journal of Economics, 103(2): pp. 283–293.
  • EASTERLİN, R. A.; (1995), “Will Raising the Incomes of All Increase the Happiness of All?”, Journal of Economic Behavior and Organization, 27, pp. 35-47.
  • EBERT, U. and MOYES, P.; (2000), “An Axiomatic Characterization of Yitzhaki’s Index of Individual Deprivation.” Economics Letters, 68 (3), pp. 263-270.
  • FERRER-İ-CARBONNEL, A.; (2005), “Income and Well-Being: An Empirical Analysis of The Comparison Income Effect”, Journal of Public Economics, 89(5-6), pp. 997-1019.
  • FERSHTMAN, C., MURPHY, K. M. and WEİSS, Y.; (1996), “Social Status, Education and Growth”, Journal of Political Economy, 106, pp. 108-132.
  • FLİESSBACH, K., WEBER, B., TRAUTNER, P., DOHMEN, T., SUNDE, U., ELGER, C.E. and FALK, A.; (2007), “Social Comparison Affects Reward-Related Brain Activity in The Human Ventral Striatum”, Science, 318(5854), pp. 1305-1308.
  • FRANK, R.; (1985), Choosing the Right Pond, Oxford University Press, New York. FUTAGAMİ, K. and SHİBATA, A.; (1998), “Keeping One Step Ahead of the Joneses: Status, the Distribution of Wealth, and Long Run Growth”, Journal of Economic Behavior and Organization, 36 (1), pp. 109-126.
  • GALOR, O., and ZEİRA, J.; (1993), “Income Distribution and Macroeconomics”, Review of Economic Studies, 60, pp. 35–52.
  • GUPTA, D.; (1990), The Economics of Political Violence, Praeger, New York. HEİKKİNEN, T.; (2015), “(De)growth and Welfare in an Equilibrium Model With Heterogeneous Consumers”, Ecological Economics, 116(C), pp. 330-340.
  • HİBBS, D.; (1973), Mass Political Violence: A Cross-Sectional Analysis, Wiley, New York.
  • HOPKİNS, E. and KORNİENKO, T.; (2006), “Inequality and Growth In The Presence Of Competition For Status”, Economics Letters, 93 (2), pp. 291-296.
  • KALDOR, N.; (1955), “Alternative Theories of Distribution”, The Review of Economic Studies Ltd, 23 (2), pp. 83-100.
  • KONRAD, K.; (1992), “Wealth Seeking Reconsidered”, Journal of Economic Behavior and Organization, 18, pp. 215-227.
  • KUZNETS, S.; (1955), “Economic Growth and Income Inequality”, American Economic Review, 45, pp. 1–28.
  • LONG, N.V. and SHİMOMURA, K..; (2004), “Relative Wealth, Status Seeking and Catching-Up”, Journal of Economic Behavior and Organization, 53, pp. 529– 542.
  • LUTTMER, E.F.P.; (2005) “Neighbors as Negatives: Relative Earnings and Well-Being”, Quarterly Journal of Economics, 120(3), pp. 963-1002.
  • MANİ, A. (2001) “Income Distribution and Demand Constraint”, Journal of Economic Growth, 6(2), pp. 107-133.
  • MATSUYAMA, K.; (2002), “The Rise of Mass Consumption Societies”, Journal of Political Economy, 110(5), pp. 1035-1070.
  • NEUMARK, D. and POSTLEWAİTE, A.; (1998), “Relative Income Concerns and the Rise in Married Women’s Employment”, Journal of Public Economics, 70, pp. 157-183.
  • PENG, P.; (2008), “Relative Deprivation, Wealth Inequality and Economic Growth”, Journal of Economics, 94(3), pp. 223-229.
  • PEROTTİ, R.; (1993), “Political Equilibrium, Income Distribution and Growth”, Review of Economic Studies, 60, pp. 755–776.
  • PERSSON, T., and TABELLINI, G.; (1994), “Is Inequality Harmful for Growth? Theory and Evidence”, American Economic Review, 84(3), pp. 600–621.
  • PHAM, T. K. C.; (2005), “Economic Growth and Status-Seeking Through Personal Wealth”, European Journal of Political Economy, 21 (2), 407-427.
  • PIKETTY, T.; (1997), “The Dynamics of the Wealth Distribution and Interest Rates with Credit Rationing”, Review of Economic Studies, 64 (2), pp. 173-189.
  • RUNCİMAN, W. G.; (1966), Relative Deprivation and Social Justice. A Study of Attitudes to Social Inequality in TwentiethCentury England, University of California Press, Berkeley, California.
  • SENİK, C.; (2009) “Direct Evidence on Income Comparisons and Their Welfare Effects”, Journal of Economic Behavior and Organization, 72, pp. 408–424.
  • STARK, O. and HYLL, W.; (2011) “On the Economic Architecture of the Workplace: Repercussions of Social Comparisons among Heterogeneous Workers”, Journal of Labor Economics, 29 (2), pp. 349-375.
  • STARK, O.; (2006) “Status Aspirations, Wealth Inequality and Economic Growth”, Review of Development Economics, 10, pp. 171–176.
  • STOUFFER, S.A., LUMSDAİNE, A.A., LUMSDAİNE, M.H., WİLLİAMS, R.M. JR., SMİTH, M.B., JANİS, I.L., STAR, S.A.
  • COTTRELL, L.S. JR.; (1949), Studies in Social Psychology in World War II Vol. II: The American Soldier: Combat and Its Aftermath, Princeton University Press, Princeton. TAKAHASHİ, H., KATO, M., MATSUURA, M., MOBBS, D.
  • SUHARA, T. and OKUBO, Y.; (2009) “When Your Gain Is My Pain and Your Pain Is My Gain: Neural Correlates of Envy and Schadenfreude”, Science, 323(5916), pp. , 937-939.
  • TOURNEMAİNE, F. and TSOUKİS, C.; (2008), “Relative consumption, relative wealth and growth”, Economics Letters, 100(2), pp. 314-316.
  • TVERSKY, A. and KAHNEMAN, D.; (1991) “Loss Aversion in Riskless Choice: A Reference Dependent Model”, Journal of Economic Literature, 106, pp. 1039-1061.
  • VEBLEN, T.; (1922), The Theory of the Leisure Class: An Economic Study of Institutions, B.W. Huebsch, New York .
  • VENİERİS, Y. and GUPTA, D.; (1986), “Income Distribution and Sociopolitical Instability as Determinants of Savings: A Cross-Sectional Model”, Journal of Political Economy, 94, pp. 873–883.
  • YİTZHAKİ, S.; (1979), “Relative Deprivation and the Gini Coefficient”, The Quarterly Journal of Economics, 93, 2, pp. 321- 324.
  • ZİZZO, D. J., and OSWALD, A. J.; (2001) “Are People Willing To Pay To Reduce Others’ Incomes?”, Annals of Economics and Statistics, GENES, 63-64, pp. 39-65.
  • ZOU, H. F.; (1994), “The Spirit of Capitalism and Long-run Growth”, European Journal of Political Economy, 10(2), pp. 279-293.
  • ZWEİMÜLLER, J.; (2000), “Schumpeterian Entrepreneurs Meet Engel’s Law: The Impact of Inequality on Innovation-Driven Growth”, Journal of Economic Growth, 5(2), pp. 185 - 206
Toplam 52 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Research Article
Yazarlar

Ünay Tamgaç Tezcan Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2017
Yayımlandığı Sayı Yıl 2017 Sayı: 628

Kaynak Göster

APA Tezcan, Ü. T. (2017). Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme. Finans Politik Ve Ekonomik Yorumlar(628), 29-41.
AMA Tezcan ÜT. Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme. FPEYD. Haziran 2017;(628):29-41.
Chicago Tezcan, Ünay Tamgaç. “Göreceli Yoksunluk, Eşitsizlik Ve Büyüme Üzerine Bir Modelleme”. Finans Politik Ve Ekonomik Yorumlar, sy. 628 (Haziran 2017): 29-41.
EndNote Tezcan ÜT (01 Haziran 2017) Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme. Finans Politik ve Ekonomik Yorumlar 628 29–41.
IEEE Ü. T. Tezcan, “Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme”, FPEYD, sy. 628, ss. 29–41, Haziran 2017.
ISNAD Tezcan, Ünay Tamgaç. “Göreceli Yoksunluk, Eşitsizlik Ve Büyüme Üzerine Bir Modelleme”. Finans Politik ve Ekonomik Yorumlar 628 (Haziran 2017), 29-41.
JAMA Tezcan ÜT. Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme. FPEYD. 2017;:29–41.
MLA Tezcan, Ünay Tamgaç. “Göreceli Yoksunluk, Eşitsizlik Ve Büyüme Üzerine Bir Modelleme”. Finans Politik Ve Ekonomik Yorumlar, sy. 628, 2017, ss. 29-41.
Vancouver Tezcan ÜT. Göreceli Yoksunluk, Eşitsizlik ve Büyüme Üzerine Bir Modelleme. FPEYD. 2017(628):29-41.