Search Results - subject:"Theory of distribution"

Kaleckian models of conflict inflation, distribution and employment : a comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt (1987), and the Hein (2023a) and...

Persistent link: https://www.econbiz.de/10014456520

Inflation and income distribution in Brazil from a Kaleckian perspective

Rolim, Lilian - In: European journal of economics and economic policies : … 21 (2024) 2, pp. 279-308

This article shows that income inequality and inflation in Brazil are multidimensional phenomena linked to the unemployment rate and to the foreign sector. Consequently, the relationship between inflation and income distribution depends on the source of inflationary pressures, as evident in the...

Persistent link: https://www.econbiz.de/10015057217

On the possibility of an ever-increasing wealth concentration : Pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework

Ederer, Stefan; Rehm, Miriam - 2024

This paper develops a stock-flow consistent Post-Keynesian model in the Kalecki-Steindl tradition with endogenous wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti equilibria. We find that a stable interior solution - that...

Persistent link: https://www.econbiz.de/10015149327

A simple theory of Pareto-distributed earnings

Harmenberg, Karl - In: Economics letters 234 (2024), pp. 1-3

I introduce a simple model which endogenously generates a Pareto distribution in top earnings. Workers inhabit different niches, and the earnings of a worker is determined by the niche-specific supply of labor and a downward-sloping labor demand curve. The highest paid workers are the ones that...

Persistent link: https://www.econbiz.de/10015075876

Neoclassical production, scarcity of skills and Pareto distributions

Lopez-Velasco, Armando R. - In: Economics letters 234 (2024), pp. 1-5

Persistent link: https://www.econbiz.de/10015075885

A post-Kaleckian econometric analysis of interest rates, income distribution, capacity utilization, accumulation and profit rates : the case of Italy

Kurt, Ozan Ekin - In: European journal of economics and economic policies : … 21 (2024) 3, pp. 416-439

The aim of this paper is to analyze the effects of interest rates on rates of capacity utilization, capital accumulation and profit in Italy within a post-Kaleckian theoretical framework. The model employed in the analysis, which was developed by Hein/Schoder (2011), is based on monetary-...

Persistent link: https://www.econbiz.de/10015095355

Luigi Pasinetti : an appreciation

Milgate, Murray; Eatwell, John; De Vivo, Giancarlo - In: Cambridge journal of economics 48 (2024) 6, pp. 935-986

Persistent link: https://www.econbiz.de/10015330277

Capital Theory, the Surplus Approach, and Effective Demand : An Alternative Framework for the Analysis of Value, Distribution and Output Levels

Garegnani, Pierangelo - 2024

PART I: THE PH.D. DISSERTATION: A Problem in the Theory of Distribution from Ricardo to Wicksell -- PART II: CRITIQUE … OF MARGINAL PRODUCTIVITY THEORIES: Heterogeneous Capital, the Production Function and the Theory of Distribution … unpublished doctoral thesis ‘A Problem in the Theory of Distribution from Ricardo to Wicksell,’ prepared at the University of …

Persistent link: https://www.econbiz.de/10015077869

A Schumpeterian Exploration of Gini and Top/Bottom Income Shares

Haruyama, Tetsugen - 2023

Data show that an increase in the Gini coefficient is associated with a falling bottom pB% income share and an increasing top pT% income share where, e.g. pB = 40 and pT = 1. This relationship, which we call the X inequality relationship, is pervasive in the sense that it is observed in many...

Persistent link: https://www.econbiz.de/10014356032

Capitalist-worker wealth distribution in a task-based model of automation

Jacobs, Arthur - 2023

Persistent link: https://www.econbiz.de/10014229474