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"Income Distribution Macroeconomics"
Giovannoni, Olivier - Levy Economics Institute - 2014
Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this … distribution. The cost of modifying existing models is low compared to the benefits. We find, analytically, that (1) the multiplier …
Persistent link: https://www.econbiz.de/10010779378
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The return of “patrimonial capitalism”: review of Thomas Piketty’s Capital in the 21st century
Milanovic, Branko - Volkswirtschaftliche Fakultät, … - 2013
treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of …
Persistent link: https://www.econbiz.de/10011257954
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Unit labor costs in the eurozone: the competitiveness debate again
Felipe, Jesus; Kumar, Utsav - In: Review of Keynesian Economics 2 (2014) 4, pp. 490-507
Unit labor costs in some of the eurozone countries, calculated using aggregate data, increased significantly during the years before the crisis. In this paper, we show that: (i) the construction of unit labor costs using aggregate data, the standard practice, leads to serious problems of...
Persistent link: https://www.econbiz.de/10011133458
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Factor Shares and Income Inequality - Empirical Evidence from Germany 2002-2008
Adler, Martin; Schmid, Kai Daniel - Institut für Angewandte Wirtschaftsforschung (IAW) - 2012
We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...
Persistent link: https://www.econbiz.de/10010762078
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Income Distribution and Current Account Imbalances
Belabed, Christian A.; Theobald, Thomas; Treeck, Till van - Institut für Makroökonomie und Konjunkturforschung … - 2013
We develop a three-country, stock-flow consistent macroeconomic model to study the effects of changes in both personal and functional income distribution on national current account balances. Each country has a household sector and a non-household (corporate) sector. The household sector is...
Persistent link: https://www.econbiz.de/10010944678
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Factor shares and income inequality - Empirical evidence from Germany 2002 - 2008
Adler, Martin; Schmid, Kai Daniel - Wirtschaftswissenschaftlichen Fakultät, … - 2012
We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...
Persistent link: https://www.econbiz.de/10010955014
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Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US
Karanassou, Marika; Sala, Hector - School of Economics and Finance, Queen Mary - 2012
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10011010557
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On two theories of value and distribution
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2011
This paper compares the theory of value and distribution of Arrow and Debreu [1954] with that of Sraffa [1960]. I … variables. In terms of entailments, in Sraffa's theory there is an insufficiency of determinants in the economic grounds of … society, rendering this theory purely economic, rather than political-economic, as in Sraffa. Both the information content …
Persistent link: https://www.econbiz.de/10009370820
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Migration, the Quality of the Labour Force and Economic Inequality
Kahanec, Martin; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2008
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10005791628
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Factor Shares and Income Inequality: Empirical Evidence from Germany 2002-2008
Adler, Martin; Schmid, Kai Daniel - Forschungsbasierte Infrastruktureinrichtung … - 2012
We examine the interplay between changes in the functional distribution of income and the distribution of market income among households. We use micro data from the German Socio-Economic Panel as well as macro data from the German Federal Statistical Office from 2002 to 2008. We categorize and...
Persistent link: https://www.econbiz.de/10010564002