Abstract / Description of output
The proposal advanced by Keynes in 'How to Pay for the War' (1940), for a wage-earners' investment fund has been revived by several West European Governments (Denmark, Sweden, Hollan, West Germany) during the 1970's and 1980's. The paper briefly considers the various proposals and develops a Pasinetti-type model of capital accumulation and growth with which to analyse the development of such a fund over time. The implications of the model concerning changes in the distribution of income and wealth discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 13-28 |
| Number of pages | 16 |
| Journal | Economic Analysis |
| Volume | 19 |
| Issue number | 1 |
| Publication status | Published - 1985 |