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redistribution from wages to profits and vice versa. This paper addresses the nonlinearity of the standard post-Kaleckian model by …-ledness" of an economy: redistribution towards wages reinforces the wage-led or profit-led character of an economy, while … redistribution towards profits does the opposite. In addition, redistribution towards wages can turn an intermediate regime wage …
Persistent link: https://www.econbiz.de/10011938664
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10012299800
whether income redistribution really is a consistent tool to achieve the long-awaited development …
Persistent link: https://www.econbiz.de/10013035999
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10012909982
about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in …
Persistent link: https://www.econbiz.de/10013226442
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...
Persistent link: https://www.econbiz.de/10013239632
redistribution and growth that remains significant when the level of inequality is held constant. No evidence is found for a … redistribution limits the financial incentives to gain wealth, leading to lower output growth. Yet, the found association is small …, and a causal interpretation of the negative association between redistribution and growth does not seem to be warranted …
Persistent link: https://www.econbiz.de/10013108979
Several Nobel laureates economists have called for redistributive policies. This paper shows that there is a strong case for redistributive policies because the global increase of income inequality and wealth concentration was an important driver for the financial and Eurozone crisis. The high...
Persistent link: https://www.econbiz.de/10013048507
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10011913675
technology are endogenous, redistribution to low-skilled individuals may actually not improve disposable low-skilled income …
Persistent link: https://www.econbiz.de/10011754634