Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21240 
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dc.contributor.authorSattinger, Michaelen
dc.date.accessioned2009-01-28T16:20:39Z-
dc.date.available2009-01-28T16:20:39Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21240-
dc.description.abstractA 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x380en
dc.subject.jelD33en
dc.subject.jelH2en
dc.subject.jelE1en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordKaldoren
dc.subject.keywordreal wageen
dc.subject.keywordinterest rateen
dc.subject.keywordnational debten
dc.subject.keywordunemployment benefitsen
dc.subject.keywordefficient taxationen
dc.subject.keywordmatchingen
dc.subject.keywordfactor pricesen
dc.subject.stwVerteilungstheorieen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwMatchingen
dc.subject.stwFaktorpreisen
dc.subject.stwLohnbildungen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwReallohnen
dc.subject.stwTheorieen
dc.titleA Kaldor Matching Model of Real Wage Declines-
dc.typeWorking Paperen
dc.identifier.ppn844210099en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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