This series of working papers explores a theme enjoying a tremendous resurgence: the functional distribution of income …--the division of aggregate income by factor share. This first installment surveys some landmark theories of income distribution …, Kalecki, Kaldor, Goodwin). Two questions lead to a better understanding of the literature: is income distribution assumed …

functional distribution of income. Three major strands emerge: technological change, international trade, and financialization …. Thus, all measures of income distribution provide the same picture. Liberalization and financialization worsen economic …, respectively. Part I investigated the theories of income distribution. …

Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this … distribution. The cost of modifying existing models is low compared to the benefits. We find, analytically, that (1) the multiplier … is equal to the inverse of the labor share and is about 1.4; (2) income distribution matters mostly in the medium run; (3 …

macroeconomic performance: the distribution channel. Empirical data for the following dimensions of redistribution in the period of … finance-dominated capitalism since the early 1980s is provided for 15 advanced capitalist economies: functional distribution …, personal/household distribution, and the share and composition of top incomes. Based on the Kaleckian approach to the …

. This allows us to discuss the functional distribution of income. We use data from India’s organized manufacturing sector …

The paper provides a novel theory of income distribution and achieves an integration of monetary and value theories … closes the circuit of fixed capital can be solved for prices, implying a definitive income distribution. Accordingly, the …

distribution of income between wages and profits. This has implications for aggregate demand that have been neglected. Of the 12 …