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taxation. Furthermore, from a Keynesian macroeconomic perspective redistribution may even be systematically conducive to growth … and employment. At the same time a change towards such a policy of redistribution may for some economies, particularly the … erhebliche Spielräume für steuerpolitische Umverteilung gibt. Zudem kann Umverteilung aus einer keynesianischen makroökonomischen …
Persistent link: https://www.econbiz.de/10010519198
We examine the idea that excess managerial compensation acts as a reference wage in a fair wage-effort model of efficiency wages. We utilise the Australian Business Longitudinal Survey (1995-98) and the BHPS (1990-2002) to estimate the impact of excess managerial pay on labour productivity and...
Persistent link: https://www.econbiz.de/10013155676
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this …
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What is the relationship between inequality and growth? This question has occupied and fascinated social scientists for more than a century. This article critically reviews the recent empirical and theoretical literature on the complex interplay between inequality and economic growth. Inequality...
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with redistribution towards profit. Furthermore, increases in energy consumption are correlated with increases in the … largest corporations' share of total employment. These results are synthesized to form a new theory linking profit, social …
Persistent link: https://www.econbiz.de/10011753829
The distribution of human capital and income lies at the center of a nexus of forces that shape a country’s economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10014023762
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501