Search Results - subject_exact:"Functional income distribution"

Reassessing wage-led growth in Europe : some sceptical notes

Heise, Arne - 2025

This comment critically examines the recent claim by Alcobia and Barradas that the European Union follows a wage-led growth regime, warranting pro-labour policy intervention. While their findings support a clear policy stance, closer inspection reveals significant methodological and empirical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015454581

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Reassessing wage-led growth in Europe: Some sceptical notes

Heise, Arne - 2025

Book / Working Paper

An empirical analysis of the impact of financialisation on the rate of profit for the US (1955-2019)

Góes, Maria Cristina Barbieri; Deleidi, Matteo; Di … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398280

Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007 - 2021)

Hansen, Mads R. - 2024

In this paper, Structural Vector Autoregressive (SVAR) models of quarterly data between 2007 and 2021 are estimated to assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of the conventional neo-Goodwinian baseline case, with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014490713

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Demand regimes and the business-cycle: Feedback effects between capacity utilization and income distribution taking into account overhead labor - SVAR-estimates for Germany (2007 - 2021)

Hansen, Mads R. - 2024

Book / Working Paper

The Solow residual, a distributional approach: The case of Chile, 1985-2019

Villanueva Melo, Fernando - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015443508

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The Solow residual, a distributional approach : the case of Chile, 1985-2019

Villanueva Melo, Fernando - 2024

Article

Profits too high? : assessing inflation in the eurozone using wage and price rules for profit and unit labor costs based on national accounts data

Joebges, Heike; Logeay, Camille - 2024

The strong increase in inflation rates in Europe at the end of 2022 is in stark contrast to more than a decade of very low developments within the euro area. This time, profit hikes are under more scrutiny than wage increases. As changes in profits in relation to those of wages have the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439492

The impact of monetary policy on functional income distribution : a panel VAR analysis (1970-2019)

Di Bucchianico, Stefano; Lofaro, Antonino - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333912

The impact of monetary policy on functional income distribution : a panel SVAR analysis (1970-2019)

Di Bucchianico, Stefano; Lofaro, Antonino - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014383598

Functional distribution, personal income inequality, and top shares of income : do social classes still matter?

Giangregorio, Luca; Villani, Davide - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652146

Factor substitution possibilities, labor share dynamics, and inequality in an age of intangibles

Velic, Adnan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399475

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Factor substitution possibilities, labor share dynamics, and inequality in an age of intangibles

Velic, Adnan - 2023

Book / Working Paper

A structural indicator for identifying real estate bubbles

Loehr, Dirk - 2025

This paper develops a theoretically grounded indicator to identify real estate bubbles. The central hypothesis is that, in equilibrium, the functional distribution of income should align with the structural distribution of wealth - particularly, that the labor share in national income should...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665932

Macroeconomic effects of a declining wage share : a meta-analysis of the functional income distribution and aggregate demand

Dammerer, Quirin; List, Ludwig; Rehm, Miriam; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372581

A Kaleckian growth model of secular stagnation with induced innovation

Stamegna, Marco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399644

Functional income distribution and sluggish growth in Europe : the post-Keynesian debate on wage- or profit-led growth models

Alcobia, João; Barradas, Ricardo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533394

Placing the Greek pay-as-you-go pension scheme in the macroeconomic environment : the impact on economic activity and income distribution

Katsimigas, Zois Gerasimos; Papatheodōru, Christos - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533440

Explaining the decline in the US labor share : taxation and automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014437275

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Explaining the decline in the US labor share : taxation and automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022

Book / Working Paper

Explaining the decline in the US labor share : taxation and automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020

Book / Working Paper

Profits too high? Assessing inflation in the eurozone using wage and price rules for profit and unit labor costs based on national accounts data

Joebges, Heike; Logeay, Camille - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445519

U.S. wage-price dynamics, before, during and after COVID-19, through the lens of an empirical econometric model

Bårdsen, Gunnar; Nymoen, Ragnar - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015054212

Questioning profit inflation as an explanation of the post-pandemic inflation

Lavoie, Marc - 2024

The COVID-19 pandemic eventually gave rise to large increases in profits, profit shares and inflation rates. A major controversy has developed among economists and in the media about whether this was largely caused by profit inflation, that is, by increases in the percentage mark-ups set by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015057215

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Questioning profit inflation as an explanation of the post-pandemic inflation

Lavoie, Marc - 2024

Article

A post-Kaleckian econometric analysis of interest rates, income distribution, capacity utilization, accumulation and profit rates : the case of Italy

Kurt, Ozan Ekin - 2024

The aim of this paper is to analyze the effects of interest rates on rates of capacity utilization, capital accumulation and profit in Italy within a post-Kaleckian theoretical framework. The model employed in the analysis, which was developed by Hein/Schoder (2011), is based on monetary-...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015095355

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A post-Kaleckian econometric analysis of interest rates, income distribution, capacity utilization, accumulation and profit rates: the case of Italy

Kurt, Ozan Ekin - 2024

Article

Testing the Bhaduri-Marglin model for the demand regime of Greece

Marsellou, Emilia G. - 2024

This paper investigates the demand regime of the Greek economy for the period 1960-2017, using a Bhaduri/Marglin (1990) type macroeconomic demand-led model and applying the empirical methodology developed in Stockhammer et al. (2009). The analysis finds that Greece is another European economy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015095343

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Testing the Bhaduri-Marglin model for the demand regime of Greece

Marsellou, Emilia G. - 2024

Article

The macroeconomic impact of structural reforms : the case of Italy

D'Andrea, Sara; D'Andrea, Silvia; Di Bartolomeo, Giovanni; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015443155

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The macroeconomic impact of structural reforms : the case of Italy

D'Andrea, Sara; D'Andrea, Silvia; Di Bartolomeo, Giovanni; … - 2024

Book / Working Paper

On measuring the labour income share

Caswel, Benjamin - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532153

On the positive relation between the wage share and labor productivity growth with endogenous size and direction of technical change

Zamparelli, Luca - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014451185

Assessing the impact of new technologies on wages and labour income shares

Ghodsi, Mahdi; Stehrer, Robert; Barišić, Antea - 2024

This paper advances the literature on the impacts of new technologies on labour markets, focusing on wage and labour income shares. Using a dataset from 32 countries and 38 industries, we analyse the effects of new technologies - proxied by patents, information and communication technology (ICT)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014461452

A Kaleckian approach to financialization and functional income distribution : Austria and Finland in comparative perspective

Dabrowski, Cara; Kuhls, Sonia - 2024

In this paper, we examine if and to what extent the Kaleckian theory of mark-up pricing can explain changes in functional income distribution in an environment of financialization. Following this approach, we expect financialization to influence the aggregate wage share through three channels:...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014502305

Rentiers and distributive conflict in Brazil : 200-2019

Marques, Pedro Romero; Rugitsky, Fernando - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014525042

Less work and higher tax can raise wellbeing

FitzRoy, Felix R.; Jin, Jim Y. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135992

Input specificity and labor's bargaining power : a production tree approach to functional income distribution

Samartzidis, Lasare; Mundt, Philipp; Schulz-Gebhard, Jan - 2024

This article examines how input relationships in fragmented production systems shape functional income inequality. We argue that input specificity - reflecting the degree of specialization in intermediate goods production - affects workers’ bargaining power and, consequently, the labor share...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015124986

Functional income distribution, effective demand and wealth in Denmark : insights from an empirical stock-flow consistent model

Byrialsen, Mikael Randrup; Valdecantos, Sebastian; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195206

The impact of ICT and intangible capital accumulation on employment growth and labour income shares

Stehrer, Robert - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423928

U.S. wage-price dynamics, before, during and after COVID-19, through the lens of an empirical econometric model

Bårdsen, Gunnar; Nymoen, Ragnar - 2024 - Preliminary version, 11 May 2024

We specify an empirical model of US inflation which has the dynamics of wage and price setting at its core. In the dynamic wage equation an equilibrium-correction term connects the wage level to industrial prosperity indicators. In that way, the role of wage setting in the dynamics of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014577654

Conflictual inflation and the Phillips Curve

Lavoie, Marc - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193377

Income inequality in terms of a Gini coefficient : a Kaleckian perspective

Fujita, Shinya - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013366699

A reversal in the global decline of the labor share?

Andıç, Selen; Burda, Michael C. - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013170029

Intermediate Input Prices and the Labor Share

Castro-Vincenzi, Juanma; Kleinman, Benny - 2026

We argue that the relative price of materials is an important determinant of the labor share of income. When materials and primary inputs are complements and the profit share is positive, a higher price of materials lowers the labor share and raises the profit share of value added, without...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639435

Promotion or inhibition : the impact of corporate financialization on the labour income share in China

Chen, Yan; Sun, Ruiqi - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636159

A labor market-augmented empirical stock-flow consistent model applied to the Greek economy

Pierros, Chrēstos - 2020

This paper extends the empirical stock-flow consistent (SFC) literature through the introduction of distributional features and labor market institutions in a Godley-type empirical SFC model. In particular, labor market institutions, such as the minimum wage and the collective bargaining...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012165425

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A labor market-augmented empirical stock-flow consistent model applied to the Greek economy

Pierros, Christos - 2020

Book / Working Paper

Distribution and gender effects on the path of economic growth: comparative evidence for developed, semi-industrialized, and low-income agricultural economies

Badru, Ruth - 2020

This paper applies a robust empirical methodology, which considers issues relating to cross-country heterogeneity and cross-sectional dependence, to inspect the contributions of gender equality and factor income distribution to an economy's growth path. A dynamic model of aggregate demand is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012239618

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Distribution and gender effects on the path of economic growth: Comparative evidence for developed, semi-industrialized, and low-income agricultural economies

Badru, Ruth - 2020

Book / Working Paper

The neo-Goodwinian model reconsidered

Cauvel, Michael - 2023

This paper examines the relationship between aggregate demand and the wage share in the US using a vector autoregression methodology. It finds evidence of Goodwin-cycle effects - that is, profit-led demand and a profit-squeeze effect - in baseline estimates using assumptions traditionally used...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014433724

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The Neo-Goodwinian model, reconsidered

Cauvel, Michael - 2019

Book / Working Paper

Income inequality, top shares of income and social classes in the 21st century

Giangregorio, Luca; Villani, Davide - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014317182

Distributive profiles associated with domestic versus international specialization in global value chains

Wirkierman, Ariel - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014330894

The influence of factor-biased technological progress on the share of labour income in the digital economy

Meng, Fanlin; Wang, Wenping - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014338516

Perspectives on the labor share

Karabarbounis, Loukas - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332069

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Perspectives on the labor share

Karabarbounis, Loukas - 2024

Book / Working Paper

Perspectives on the labor share

Karabarbounis, Loukas - 2023

Book / Working Paper

Perspectives on the Labor Share

Karabarbounis, Loukas - 2023

Book / Working Paper

Poverty and the functional distribution of income in the input-output framework : in pursuit of strategies for inclusive growth

Alberti, Tânia Moreira; Souza, Kênia Barreiro de; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014414086

How the rich are different : hierarchical power as the basis of income size and class

Fix, Blair - 2019 - v.2 October 2019

This paper investigates a new approach to understanding personal and functional income distribution. I propose that hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from workers. Specifically, I hypothesize that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012127049

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How the rich are different: Hierarchical power as the basis of income size and class

Fix, Blair - 2019

Book / Working Paper

How the rich are different : hierarchical power as the basis of income and class

Fix, Blair - 2019

What makes the rich different? Are they more productive, as mainstream economists claim? I offer another explanation. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this greater control over subordinates, I hypothesize, that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011994821

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How the rich are different: Hierarchical power as the basis of income and class

Fix, Blair - 2019

Book / Working Paper

What is the impact of an exogenous shock to the wage share? : VAR results for the US economy, 1973-2018

Basu, Deepankar; Gautham, Leila - 2019

This paper uses a novel empirical strategy to present empirical estimates of the effect of an exogenous shock to distribution on demand and accumulation for the US economy from 1973 to 2018. We use recursive vector autoregressions to identify the impact of shocks to the wage share. We impose...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012000014

A Schumpeterian exploration of Gini and top/bottom income shares

Haruyama, Tetsugen - 2025

Data show that an increase in the Gini coefficient is associated with a falling bottom 𝑝𝐵% income share and an increasing top 𝑝𝑇 % income share where, for example 𝑝𝐵 = 40 and 𝑝𝑇 = 1. This relationship, which we call the 𝑋 inequality relationship, is pervasive in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617289

Changing quantile distributive growth cycles

Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654294

Functional distribution of income in Palestine : relevance, measurement, and political economy implications

Shikaki, Ibrahim - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421103