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Girard  (p. 9-22)
Cooper (p. 23-32)
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Stasio (p. 47-56)
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JOURNAL OF APPLIED BUSINESS AND ECONOMICS


When the Rising Tide Lifts All Boats Differently: Income Distribution Matters


Author(s): L. Peter Alonzi, Anne Drougas, Daniel Condon

Citation: L. Peter Alonzi, Anne Drougas, Daniel Condon, (2021) "When the Rising Tide Lifts All Boats Differently: Income Distribution Matters," Journal of Applied Business and Economics, Vol. 23, Iss.2,  pp. 227-244

Article Type: Research paper

Publisher: North American Business Press

​Abstract:

In 2018, Alonzi, Drougas, and Condon (“ADC”) developed a simple macroeconomic model to analyze the effect of a less equal income distribution. This paper builds upon that paper by constructing a model
incorporating a rising absolute income in both the high and low groups while at the same time allowing a higher proportion of income to go to the high-income group, but a lower proportion go to the low-income group. Notably, we find that the qualitative results of the “Reverse Robin Hood” case remain in the “Rising Tide” case but there are quantitative differences.