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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
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/10010779378
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/10013052985
This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical Political Economy tradition, that can be contrasted with the accounts by Piketty (2014) and Gordon (2015). In these explanations, an exogenous reduction in the growth rate g...
Persistent link: https://www.econbiz.de/10012659139
During the time of the Seigniorial tenure in New France there was relatively retarded economic development. Only a few have studied the reason for this low growth, giving reasons such as a shortage of capital and labour, a failure to integrate agriculture into the international trade sector and...
Persistent link: https://www.econbiz.de/10014198805
personellen Einkommensverteilung auf nationale Leistungsbilanzsalden zu analysieren. Im Modell hat jedes Land einen Haushalts- und … Einkommensverteilung und dem institutionellen Umfeld erklärt werden kann. Hingegen wird die verhältnismäßige schwache Binnennachfrage in … Deutschland und China seit Mitte der 1990er Jahre maßgeblich durch Verschiebungen in der funktionalen Einkommensverteilung zu …
Persistent link: https://www.econbiz.de/10010201629
, 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/10011289390
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy. The model is used to estimate econometrically the...
Persistent link: https://www.econbiz.de/10011924544
In this paper, we measure the effect of changing capital income shares upon inequality of gross household income. Using EU-SILC data covering 17 EU countries from 2005 to 2011 we find that capital income shares are positively associated with the concentration of gross household income. Moreover,...
Persistent link: https://www.econbiz.de/10010201648
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/10010361361