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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/21240
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Sattinger, Michael | | en_US |
| dc.date.accessioned | | 2009-01-28T16:20:39Z | | - |
| dc.date.available | | 2009-01-28T16:20:39Z | | - |
| dc.date.issued | | 2001 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/21240 | | - |
| dc.description.abstract | | A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to investment) determines the ratio of jobs to employment and the ratio of unemployed to vacancies. Competitive microeconomic behavior then determines the wage and interest rates. Changes in the ratio of national debt to employment have real effects on factor prices. Implications for effects of taxes and unemployment benefits are derived. The model explains recent declines in real wages relative to productivity. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | IZA Discussion paper series 380 | | en_US |
| dc.subject.jel | | D33 | | en_US |
| dc.subject.jel | | H2 | | en_US |
| dc.subject.jel | | E1 | | en_US |
| dc.subject.jel | | J31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Kaldor | | en_US |
| dc.subject.keyword | | real wage | | en_US |
| dc.subject.keyword | | interest rate | | en_US |
| dc.subject.keyword | | national debt | | en_US |
| dc.subject.keyword | | unemployment benefits | | en_US |
| dc.subject.keyword | | efficient taxation | | en_US |
| dc.subject.keyword | | matching | | en_US |
| dc.subject.keyword | | factor prices | | en_US |
| dc.subject.stw | | Verteilungstheorie | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Matching | | en_US |
| dc.subject.stw | | Faktorpreis | | en_US |
| dc.subject.stw | | Lohnbildung | | en_US |
| dc.subject.stw | | Öffentliche Schulden | | en_US |
| dc.subject.stw | | Reallohn | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | A Kaldor Matching Model of Real Wage Declines | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 342411837 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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| dp380.pdf | | 278.88 kB | Adobe PDF |
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