Diallo, Mamadou Bobo; Flaschel, Peter; Krolzig, Hans-Martin - In: Research in World Economy 2 (2011) 1, pp. 77-93
In this paper we investigate the role and the feedback structure of income distribution in the macro-dynamics of the U.S. economy after World War II. Among other things we analyze both theoretically and empirically the influence of job insiders on wage determination. Furthermore, by means of...