Ricardo Molero-Simarro is professor at the IAEU and a researcher at the Department of Applied Economics I of the University Complutense of Madrid (UCM). He is about to complete his PhD on China's economy. He has authored or co-authored several papers in peer-reviewed journals and co-edited a number of books, most of them related to economic development and income inequality issues.
Tax data are an important source of information for a wide range of statistical series. Their use, however, has been mainly confined to the analysis of the impact of fiscal policies on different socio-economic groups. Nevertheless, a recent group of researchers has started using personal income tax data to construct top income shares series, i.e […]
The relevance of demand factors for explaining growth was stated almost simultaneously by Michal Kalecki and John Maynard Keynes in the 1930s. The main conclusion of the theory of effective demand is that spending determines income. Keynes stated that the marginal propensity to consume decreases when total income growths. Kalecki considered different propensities to consume […]