Arbeitspapier
Will wealth become more concentrated in Europe? Evidence from a calibrated neo-Kaleckian model
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 contains the ?triumph of the rentier? predicted by Piketty's r > g as a special case. The model's calibration to ten European countries shows that the distribution of wealth is likely to become more unequal in all cases, barring political countermeasures.
- Language
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Englisch
- Bibliographic citation
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Series: FMM Working Paper ; No. 13
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Ederer, Stefan
Rehm, Miriam
- Event
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Veröffentlichung
- (who)
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Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM)
- (where)
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Düsseldorf
- (when)
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2017
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ederer, Stefan
- Rehm, Miriam
- Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM)
Time of origin
- 2017
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The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework
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