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https://hdl.handle.net/10419/21240
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Sattinger, Michael | en |
dc.date.accessioned | 2009-01-28T16:20:39Z | - |
dc.date.available | 2009-01-28T16:20:39Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21240 | - |
dc.description.abstract | A model linking macroeconomic phenomena and income distribution in balanced growthequilibria is developed as a variant to the Kaldor model of factor shares. It departs from theoriginal Kaldor model in assuming equal savings rates and production determined by amatching process between workers and jobs. Macroeconomic equilibrium (national savingsequal to investment) determines the ratio of jobs to employment and the ratio of unemployedto vacancies. Competitive microeconomic behavior then determines the wage and interestrates. 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 explainsrecent declines in real wages relative to productivity. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x380 | en |
dc.subject.jel | D33 | en |
dc.subject.jel | H2 | en |
dc.subject.jel | E1 | en |
dc.subject.jel | J31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Kaldor | en |
dc.subject.keyword | real wage | en |
dc.subject.keyword | interest rate | en |
dc.subject.keyword | national debt | en |
dc.subject.keyword | unemployment benefits | en |
dc.subject.keyword | efficient taxation | en |
dc.subject.keyword | matching | en |
dc.subject.keyword | factor prices | en |
dc.subject.stw | Verteilungstheorie | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Matching | en |
dc.subject.stw | Faktorpreis | en |
dc.subject.stw | Lohnbildung | en |
dc.subject.stw | Öffentliche Schulden | en |
dc.subject.stw | Reallohn | en |
dc.subject.stw | Theorie | en |
dc.title | A Kaldor Matching Model of Real Wage Declines | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 844210099 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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