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An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
Persistent link: https://www.econbiz.de/10014211364
shares into the personal distribution of income depends on the concentration of capital income in an economy. At the mean of … the distribution of capital income a 1 percentage point increase of the capital share is associated with a 0.8 percentage …
Persistent link: https://www.econbiz.de/10010419781
into the personal distribution of income depends on the concentration of capital income in an economy. Using fixed effect …
Persistent link: https://www.econbiz.de/10010187212
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy …. The model is used to estimate econometrically the effects of income distribution and fiscal policy on the components of …
Persistent link: https://www.econbiz.de/10011924544
of the model is that it integrates cross-country effects of changes in both income distribution and fiscal policy. The … model is used to estimate econometric-ally the effects of income distribution and fiscal policy on the components of …
Persistent link: https://www.econbiz.de/10012827655
exercises were performed on a granular distribution of the European youth populace and over a range of sectors of employment, in …
Persistent link: https://www.econbiz.de/10013021498
the pattern of the three labour market outcomes. -- Panel data ; wage distribution ; inequality ; mobility ; labour market …
Persistent link: https://www.econbiz.de/10003832199
was accompanied by a decrease in mobility, whereas in Netherlands by an increase. -- Panel data ; wage distribution …
Persistent link: https://www.econbiz.de/10003810326
This paper analyses the dynamic structure of individual earnings across 14 EU countries over the period 1994-2001 using ECHP. Understanding wage mobility and its link with the evolution of cross-sectional earnings inequality is important from a welfare perspective, particularly given the large...
Persistent link: https://www.econbiz.de/10012764668
World leaders have come to recognise the challenge posed by high and rising economic inequality. This paper asks how Europe can address excessive inequality. It argues that we should learn from the lessons of history; there have been significant periods in the past when inequality fell. We can...
Persistent link: https://www.econbiz.de/10010209771