Die Zukunftsfähigkeit des gesetzlichen Rentensystems wird durch Familien mit Kindern sichergestellt. Anders als im Steuerrecht existieren in der Sozialversicherung jedoch keine Kinderfreibeträge, sodass Erwerbstätige mit und ohne Kinder die gleichen Rentenversicherungsbeiträge zahlen. Dieser...

The relationship between inequality and financial instability has become a thriving topic of research in heterodox political economy. This article offers the first critical engagement with one framework within this wider literature: the Capital as Power (CasP) model of the stock market developed...

This paper aims to study the process of intergenerational income mobility in some Latin American economies (Panama and Brazil), which have been much neglected in the existing literature. Like other countries in the area, also Brazil and Panama have a stagnant economy coupled with high income...

Using two-step system-GMM on a panel data of 105 economies over the period 1987-2016, we present formal statistical evidence that Federalism is a strong predictor of greater income inequality in developing economies. It is also a strong predictor of higher poverty incidence and poverty severity...

This paper uses a novel empirical strategy to present empirical estimates of the effect of an exogenous shock to distribution on demand and accumulation for the US economy from 1973 to 2018. We use recursive vector autoregressions to identify the impact of shocks to the wage share. We impose...

Trump has promised to ‘make America great again’. As a self-proclaimed expert on everything of import, he knows exactly how to increase domestic investment and consumption, boost exports, reduce the country’s trade deficit, expand employment and bolster wages. And as America’s...

This study analyses EU-28- and euro area-level income distribution with the latest EU-SILC data. More specifically it shows the evolution of inequality in net disposable and market incomes over the pre- and post-crisis period (2006-2013). I find that inequality between the EU-28 and euro area...

Ever-more sophisticated studies on the methodological approach and the conceptual scope of poverty have led to a consensus among scholars on the dynamic characteristic of this phenomenon – in other words, the existence of an in-and-out of privation movement of individuals and families. Within...

Estimates of the level of inequality of opportunity have traditionally been interpreted as lower bounds due to the downward bias resulting from the partial observability of circumstances that affect individual outcome. We show that such estimates may also suffer from upward bias as a consequence...

The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin model. The distributive regime appears to be Marxian/profit-squeeze and the demand exhibits a weekly profit-led regime. The profitled demand regime and the profit-squeeze...