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Education and "human capitalists" in a classical-Marxian model of growth and distribution

Dutt, Amitava Krishna; Veneziani, Roberto - 2017

A simple classical-Marxian model of growth and distribution is developed in which education transforms low-skilled workers into high-skilled ones and in which high-skilled workers save and hold capital, therefore receiving both high-skilled wages and profit income. We analyze the implications...

Persistent link: https://www.econbiz.de/10011596528

"Disarticulation" as a constraint to "wage-led growth" in dual economies

Aboobaker, Adam - 2019

Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap by arguing that, even in the short-run, some of the...

Persistent link: https://www.econbiz.de/10012024613

Distribution and productivity growth : an empirical exercise applied to selected Latin American countries

Alencar, Douglas Alcântara; Jayme Júnior, Frederico … - 2018

Persistent link: https://www.econbiz.de/10011963717

Varieties of capitalism and growth regimes : the role of income distribution

Behringer, Jan; Treeck, Till van - 2018

komparativen politischen Ökonomie zusammen, um die makroökonomischen Auswirkungen von Veränderungen in der Einkommensverteilung zu … die relative Bedeutung von Lohnkoordinierung und Einkommensverteilung für die Entstehung globaler Ungleichgewichte. Wir … beeinflusste Leistungsbilanzsalden sowohl direkt, aber vor allem indirekt über Effekte auf die Einkommensverteilung. Wir testen das …

Persistent link: https://www.econbiz.de/10011914115

Functional distribution and wage inequality in recent Kaleckian growth models

Hein, Eckhard; Prante, Franz - 2018

This contribution provides a review of recent considerations of wage inequality in Kaleckian models of distribution and growth. On the one hand, we address modelling approaches in which a distinction is made between managers and workers, where the salaries of the former are treated as overhead...

Persistent link: https://www.econbiz.de/10011929194

A heterogeneous-agent model of growth and inequality for the UK

Meenagh, David; Minford, Patrick; Ynag, Xiaoliang - 2018

This paper analyses the effect of wealth inequality on UK economic growth in recent decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. The model assumes wealthy people are more able to afford the costs of...

Persistent link: https://www.econbiz.de/10011886966

The limits to profit-wage redistribution : endogenous regime shifts in Kaleckian models of growth and distribution

Köhler, Kasper - 2018

A feature of Kaleckian models of distribution and growth that is often overlooked is that they describe a nonlinear relation between functional income distribution and demand and growth, because the size of the multiplier is affected by redistribution from wages to profits and vice versa. This...

Persistent link: https://www.econbiz.de/10011938664

Technological change and inequality in the very long run

Madsen, Jakob Brøchner; Strulik, Holger - 2020

In this paper we investigate the impact of technological change on inequalityin the presence of a landed elite using a standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset of the fertility transition, technological progress...

Persistent link: https://www.econbiz.de/10012204880

The equalizing spiral in early 21st century Brazil: a Kaleckian model with sectoral heterogeneity

Brenck, Clara; Carvalho, Laura - 2019

Persistent link: https://www.econbiz.de/10012122930

Inequality and growth : Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession

Hein, Eckhard - 2018

The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to the rich has been an important feature of financedominated capitalism since the early 1980s. After the Great Financial Crisis and the Great Recession in 2007-9, the recovery has...

Persistent link: https://www.econbiz.de/10011790517