This paper presents a model of secular stagnation, income and wealth distribution, employment in the Classical Political Economy tradition, that can be contrasted with accounts by Piketty (2014) Gordon (2015). In these explanations, an exogenous reduction growth rate g --because declining fertility or exhaustion path-breaking scientific discoveries--increases difference return to capital r. The...

BACKGROUND In Australia a persistent and sizable gender wage gap exists. In recent years this gap has been steadily widening. The negative impact of gender wage differentials is the disincentive to work more hours. This implies a substantial cost on the Australian health sector. This study aimed to identify the magnitude of gender wage differentials within the health sector. The investigation a...

The paper investigates how including the distribution of wealth changes demand effects redistributing functional income. It develops a model with an endogenous and shows that rise in inequality resulting from redistribution towards profits weakens growth this redistribution. Consequently, wage-led regime becomes more strongly wage-led. A profit-led on other hand less there may even be switch - ...

the domination of ottomans on algeria was resulted by spanish invasions to the shores of this land during the 16th century. so the algeria emirate appealed to famous barbarossa brothers. supported by the ottoman sultan, hayreddin barbarossa conquered algiers in 1529 and changed it to a military base and dominated the eastern mediterranean areas powerfully. they ensured the development of ottoma...

Everywhere in the OECD, there has been a shift in relative labor demand away from low-skill workers towards high-skill workers. In the United States, this has led to a decrease in the relative wage of low-skill workers. In Europe, constraints on the relative wage of low-skill workers have led instead to an increase in their unemployment rate, and thus an overall increase in unemployment. As Kru...

the minimum wage determination is one of the most significant economic issues exerting effects on macroeconomic variables. this study provides an empirical model using var method to analyze the long run relationships and short run dynamisms of factors affect general price level (with emphasis on minimum wage) during the period of 1978-2010. to examine long run relationships we used johansen-jus...

As a consequence of falling relative demand for low skilled labor in the OECD, people with no or minor qualification experience a deterioration of their economic situation. While flexible labor markets have led to higher wage differentials in the USA, the major problem of most European countries is the high rate of unemployment of the low skilled. To integrate currently discussed determinants o...