Profit Sharing and its Effect on Income Distribution and Output: A Kaleckian Approach

This paper investigates the effect of profit sharing on the economy by using a Kaleckian model. Unlike exiting studies, we endogenize the profit share. Our analysis shows that if the size of the productivity-enhancing effect of profit sharing is small, profit sharing decreases the equilibrium rate of capacity utilization whereas if the size is large, profit sharing increases the equilibrium rate of capacity utilization.

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Year of publication:	2013-09
Authors:	Sasaki, Hiroaki
Institutions:	Center for Research on Contemporary Economic Systems, Graduate School of Economics
Subject:	profit sharing \| income distribution \| regular and non-regular employment \| wage-gap \| cyclical fluctuations \| demand-led growth

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Extent:	application/pdf
Series:	CCES Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 50 27 pages long
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E24 - Employment; Unemployment; Wages ; E25 - Aggregate Factor Income Distribution ; E32 - Business Fluctuations; Cycles ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J33 - Compensation Packages; Payment Methods ; J53 - Labor-Management Relations; Industrial Jurisprudence ; J82 - Labor Force Composition ; J83 - Workers Rights
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010842027