balance between labor force and employment growth. The paper explicitly models income distribution which is a critical channel …

There has been a long discussion about the employment impact of minimum wages and this discussion has recently been … any direction. As an alternative, a Post Keynesian twosector model including an employment market is presented here. Its … most likely prediction of a negligible employment effect and a sectoral shift is tested against the German case of an …

is widely held that the Principle determines the levels of output and employment in a world not governed by Say's Law …

Starting from a Post-Keynesian model in which employment is determined by effective demand and the NAIRU is viewed as a … limit to employment, enforced by monetary policy reacting upon conflict inflation, the effects of central bank independence … and labour market institutions on macroeconomic performance are considered and the perspectives for employment and …

We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations … of aggregate demand driven by sentiments and that realized demand follows from the production and employment decisions of …