This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management … middle class, and a "top" management capitalist class. The model introduces personal income distribution that supplements … conventional concerns with functional income distribution. Within such a model, endogenously generated changes in personal income …

A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects … (i) a decrease in the propensity to save, and (ii) a change in income distribution favoring labor, bring about higher …

overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account …One of the most notable features of income distribution is the widening wage differential among workers: there is a … overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically …

We characterize the distribution of permanent-income and quantify the value of assets and human capital in lifetime … wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for …