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Wage and employment in a finance-led economy

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    Abstract

    The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with a post Keynesian "stock-flow" macroeconomic model. In fact, the increased share of financial activities creates a new macroeconomic and income distribution dynamic. We will use the steady-state case and simulations experiments to analyse model reaction to a change in financial key parameter when the wage share is endogenous.

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    File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2006/R06024.pdf
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    Bibliographic Info

    Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number r06024.

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    Length: 20 pages
    Date of creation: Mar 2006
    Date of revision:
    Handle: RePEc:mse:wpsorb:r06024

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    Keywords: Financialization; labor's share; capital accumulation; simulations experiments.;

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