The Scope of the Grants Economy and Income Distribution

Private transfers of income between family members have had significant equalizing effects on the distribution of income in the United States but only recently have they become a subject of research and an element of analysis. Some of the major theoretical developments in the area of income distribution and intergenerational mobility in the rich literature of the grants economy are reviewed. Among the effects of family transfers on income distribution, the most critical considerations in intra-family transfers, tentative results indicate, are those that relate, directly or indirectly, to investments in children during their formative years. Estimates of the size of family transfers include one that in a single year their total was of the magnitude of 30.7 percent of gross national product and another that in 1980 they were 70 percent of total transfers, amounting at least to 1 trillion. Trends in their level and structure are projected

Demographic economics · Distribution (mathematics) · Economic growth · Economics · Family income · Geography · Gross domestic income · Gross income · Household income · Income distribution · Inequality · Labour economics · Net national income · Public economics · Scope (computer science) · demographic modeling and climate adaptation · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth

• Dual factor price equalization

  Open Access•Gary Mcmahon•World Development•1988

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