This paper aims at empirically assessing the demand effects of changes in functional income distribution for the … overall effect is still positive; the demand regime is wage-led. A shift in income distribution from profits to wages would …

equilibrium is stable at any rate of unemployment; the long-run Phillips curve is horizontal. Second, income distribution varies … distribution and international competitiveness, the NAIRU ceases to be a "strong attractor". These characteristics to a certain …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … distribution and add an explosive element to growth models. We show that differential rates of return matter empirically by merging …-shaped function across the distribution, where inequality in the lower half of the distribution is higher than in the upper half. If …

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … distribution and add an explosive element to growth models. We show that differential rates of return matter empirically by merging …-shaped function across the distribution, where inequality in the lower half of the distribution is higher than in the upper half. If …

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … distribution and add an explosive element to growth models. We show that differential rates of return matter empirically by merging …-shaped function across the distribution, where inequality in the lower half of the distribution is higher than in the upper half. If …

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality …