Sasaki, Hiroaki; Fujita, Shinya - In: European Journal of Economics and Economic Policies: … 11 (2014) 1, pp. 10-30
In modern capitalist economies, income distribution has a tendency to be in favor of shareholders. This paper interprets pro-shareholder distribution as a decrease in the retention ratio of firms and an increase in the profit share. We introduce labor supply constraints into a post-Keynesian...
