Arbeitspapier
Functional distribution and wage inequality in recent Kaleckian growth models
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 costs in a target-return pricing framework. Distribution between profits and wages, and between managers and direct labour, will thus depend on the level of economic activity, in particular in a short-run cyclical perspective. On the other hand, we review more recent Kaleckian models, which explicitly introduce wage inequality, but maintain the simple mark-up pricing approach, thus abstracting from explicit consideration of overhead costs. Explicitly or implicitly, these models rather adhere to a medium-run perspective. Finally, we provide a simple neo-Kaleckian distribution and growth model with wage inequality, which allows for different medium-run demand regimes in a stylized way.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 110/2018
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Aggregate Factor Income Distribution
Personal Income, Wealth, and Their Distributions
- Thema
-
functional income distribution
wage inequality
distribution
growth
Kaleckian models
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hein, Eckhard
Prante, Franz
- Ereignis
-
Veröffentlichung
- (wer)
-
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
- (wo)
-
Berlin
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hein, Eckhard
- Prante, Franz
- Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
Entstanden
- 2018
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