Macroeconomic effects of personal and functional income inequality: Theory and empirical evidence for the US and Germany
This paper presents a simple post-Kaleckian model of distribution and growth that incorporates personal income inequality and interdependent social norms. The model shows in an easily accessible manner that macroeconomic effects of changes in personal and functional income distribution can...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2018-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2018/1452-595X1803289P.pdf |