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Title:Cyclical patterns of employment, utilization and profitability PDF Logo
Authors:Zipperer, Ben
Skott, Peter
Issue Date:2010
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2010-02
Abstract:The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the 'heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cycical patterns among the variables.
Subjects:growth
business cycles
aggregate demand
instability
income distribution
utilization rate
investment function
pricing
JEL:E12
E32
O41
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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