We estimate non-cash income from owner occupied housing, subsidized rental housing, or free use of one's main residence and evaluate their impact on the unconditional distribution of household income and selected inequality measures. We confirm the standard finding in the literature that imputed...

We develop and calibrate an analytical growth model in the neo-Kaleckian tradition with an endogenous wealth distribution and differential returns to wealth between workers and capitalists. We show that a long-run equilibrium allows for non-zero wealth owned by workers, even as the model...

Generous unemployment benefits lie at the heart of the conventional explanation for persistent high unemployment. The effects of benefit generosity are more ambiguous in a broader behavioral framework in which workers get substantial disutility from unemployment controlling for income, and know...

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth distribution and add an explosive element to growth...

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits...

Die Corona-Krise stellt sich aus makroökonomischer Sicht als tiefe globale Rezession mit einem Rückgang des deutschen BIP um mindestens 4 % im Jahr 2020 dar; die Bundesregierung erwartet sogar einen BIP-Rückgang von über 6 %. Ein Konjunkturpaket ist erforderlich, um eine schnelle...

Die Einkommens- und Vermögensverteilung in Deutschland wird ganz unterschiedlich beurteilt. Je nachdem, welche Indikatoren, welche Stichprobe, welche Datenbasis oder welcher Messzeitpunkt betrachtet werden, kommt es zu einer zunehmenden, stabilen oder abnehmenden Ungleichheit. Die...