منابع مشابه
Is the Economic Growth Regime in Iran Wage-led or Profit-led?
This study investigates the relationship between factor income distribution and aggregate demand in the context of the Post-Keynesian school, using data from Iran over the period 1346-1393. To this end, profit share and GDP growth are used as proxies for factor income distribution and demand growth, respectively. The results of the cointegration analysis based on the ARDL approach show that pro...
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Using a longitudinal data set covering the period 1987–2000, the authors explore the impact of female employers and gender segregation on wages in Portugal. In the context of Becker’s (1957) taste for discrimination theory, they investigate whether the gender of a firm manager affects gender wage differences. They find that females benefit from higher wages in female-led firms than in male-led ...
متن کاملDemand, Production, and the Determinants of Distribution: A Caveat on “Wage-Led Growth”
The incomes of workers and capitalists pertain to different moments of accumulation. Wages are shares of capital outlays sustaining production; profits are shares of commodity sales. If aggregate demand and the scale of productive undertakings are shaped with a measure of mutual autonomy, the class distribution of income and the measure of economic activity are jointly determined by the same pr...
متن کاملIs the Long-run Equilibrium Wage-led or Profit-led? A Kaleckian Approach
This paper presents a Kaleckian growth model in which (i) the rate of capacity utilization, the profit share, and the rate of employment are adjusted in the medium run, and (ii) the normal rate of capacity utilization and the expected rate of growth are adjusted in the long run. Both the Kalecki type and the Marglin-Bhaduri type investment functions are introduced. Using the model, we examine w...
متن کاملMentoring and Segregation: Female-Led Firms and Gender Wage Policies
Mentoring and Segregation: Female-Led Firms and Gender Wage Policies We explore the impact of mentoring of females and gender segregation on wages using a large longitudinal data set for Portugal. Female managers can protect and mentor female employees by paying them higher wages than male-led firms would do. We find that females can enjoy higher wages in female-led firms, the opposite being tr...
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ژورنال
عنوان ژورنال: Review of Keynesian Economics
سال: 2017
ISSN: 2049-5331,2049-5323
DOI: 10.4337/roke.2017.03.03