The theoretical model of Bhaduri and Marglin (1990) is one the most discussed works regarding capital accumulation functional income distribution. However, their analysis does not include effects an economy with government. aim here to identify relationships between accumulation, real exchange rate debt-to-GDP ratio, using a modified version that model. results showed increase in ratio contribu...

In this paper I explore wage-tenure contracts in a random search framework, where workers search on and off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2008). The worker determines the frequency by which employment opportunities arrive through a costly choice of search intensity, which is unobserved by the firm and cannot be directly contracted upo...