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Income distribution macroeconomics
Giovannoni, Olivier - 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/10010513043
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Factor shares and income inequality - Empirical evidence from Germany 2002 - 2008
Adler, Martin; Schmid, Kai Daniel - 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/10010308950
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Migration, the quality of the labour force and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 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/10010265004
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Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 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/10010368155
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Factor shares and income inequality: Empirical evidence from Germany 2002 - 2008
Adler, Martin; Schmid, Kai D. - 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/10010314788
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Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2013
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/10010293176
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Income Distribution and Current Account Imbalances
Belabed, Christian A.; Theobald, Thomas; van Treeck, Till - 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/10010460552
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Income distribution and the Great Depression
Belabed, Christian A. - 2015
, saving, and debt for the 1920s by applying a non-standard theory of consumption, the relative income hypothesis, to the … financial and macroeconomic instability, in the period leading to the Great Depression. …-Standard Theorie des Haushaltskonsums, die Relative Einkommenshypothese, zurück. Es wird argumentiert, dass steigende …
Persistent link: https://www.econbiz.de/10011304482
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How skilled immigration may improve economic equality
Kahanec, Martin; Zimmermann, Klaus F. - In: IZA Journal of Migration 3 (2014), pp. 1-13
Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...
Persistent link: https://www.econbiz.de/10011586006
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Unit labor costs in the eurozone
Felipe, Jesus; Kumar, Utsav - 2011
Current discussions about the need to reduce unit labor costs (especially through a significant reduction in nominal wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may not be a panacea. First, historically, there is no...
Persistent link: https://www.econbiz.de/10010281700