Reconsidering the Dynamic Interaction Between Real Wages and Macroeconomic Activity

Diallo, Mamadou Bobo, Flaschel, Peter, Krolzig, Hans-Martin, Proano, Christian R (2011) Reconsidering the Dynamic Interaction Between Real Wages and Macroeconomic Activity. Research in World Economy, 2 (1). p. 77. ISSN 1923-399X. (doi:10.5430/rwe.v2n1p77) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40518)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL: http://dx.doi.org/10.5430/rwe.v2n1p77

Abstract

In this paper we investigate the role and the feedback structure of income distribution in the macro-dynamics of the U.S. economy after World War II. Among other things we analyze both theoretically and empirically the influence of job insiders on wage determination. Furthermore, by means of system GMM estimation we find empirical evidence of a negative dependence of the goods market dynamics on the development of functional income distribution in the U.S. economy.

Item Type:	Article
DOI/Identification number:	10.5430/rwe.v2n1p77
Additional information:	number of additional authors: 3;
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Divisions > Division of Human and Social Sciences > School of Economics
Depositing User:	Stewart Brownrigg
Date Deposited:	07 Mar 2014 00:05 UTC
Last Modified:	16 Nov 2021 10:15 UTC
Resource URI:	https://kar.kent.ac.uk/id/eprint/40518 (The current URI for this page, for reference purposes)

University of Kent Author Information

Krolzig, Hans-Martin.

Creator's ORCID:	https://orcid.org/0000-0001-8488-7048
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