The paper first aims at showing that personal income distribution - at least after government intervention - tends to be a stationary variable for many European countries. This finding backs earlier results achieved by Ramser (1987). Furthermore, personal incomes follow a log-normal...

In this short communication, it is recalled that unions traditionally follow a policy of pushing higher average wages and at the same time propose a compression of the structure of wages and salaries, which follows the theory of some sort of equity. Considering a steep downfall of union density...

In this paper, we present a combination of Keynesian and Kaldorian macroeconomic distribution theory. An important outcome of our research is that the (total) savings ratio is a positive function of the profit quota. In the empirical section of the paper, we first present the development of the...

In this investigation, a political economy model of the labor market is proposed, where unions offer their (old and new) affiliates the combinations between the average real wage level and the standard deviation of wages or salaries. Globalization and other forces, however, have made it recently...

In this note, we recall that unions traditionally pursue a policy of pushing higher average wages and, at the same time, for a compression of the structure of wages and salaries, which is some sort of equity. Given the precipitous fall of union density in many, if not all, OECD countries, the...

The US, one of the oldest democracies in the world, needs to face deficiencies in its electoral system. The first one has to do with the so-called 'Electoral College.' Ruled by the majority principle, it may lead to almost paradoxical results: a candidate may win far less than 50 percent of the...

Portugal's high public debt, its weak economic growth and its great attractiveness for foreign tourists are legend. Less well known is its unstable system of public pensions. This article addresses the underlying economic and political reasons, such as poor labour productivity, low real wages,...

Zu den langfristigen Bestimmungsgründen der Umlaufgeschwindigkeit des Geldes: Ein sektoraler Ansatz Bei der Erforschung der u.a. von Bordo/Jonung festgestellten Trendwenden in der Umlaufgeschwindigkeit sowie der beobachteten Schwankungen der Geldnachfrage standen bisher monetäre Erklärungen...

In this paper, we defend the idea of the potential existence of equilibrium in personal income distribution in Germany. This concept can be motivated by two different approaches: One is a status theory put forward by Gerold Blümle, the other is a sort of hybrid variant of the prospect theory,...

Ob die Marktform des Monopsons am Arbeitsmarkt vorliegt, ist fur die Frage des Für oder Wider des Mindestlohns von essentieller Bedeutung. Denn in der kurzfristigen Analyse kann, insofern monopsonistische beziehungsweise oligopsonistische Strukturen am Arbeitsmarkt nachgewiesen werden, die...