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 authors set up a political economy equilibrium framework for personal income distribution. Located in status theory, their concept is able to explain what justifies a certain or optimal degree of inequality in the society. The authors present an empirical analysis of personal income...

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...