Results 171 to 180 of about 10,271 (291)

Beyond Collective Agreements: The Rise of the Wage Cushion in Germany

open access: yesLABOUR, EarlyView.
ABSTRACT Representative establishment data reveal that over 60% of German plants covered by collective agreements pay wages above the level stipulated in the agreements, creating a wage cushion between actual and contractual wages. While collective bargaining coverage has fallen over time, the prevalence of wage cushions has increased, particularly in ...
André Rieder, Claus Schnabel
wiley   +1 more source

Rate of Interest and Intertemporal Preferences in Multisectoral Frameworks: A Critical View

open access: yesMetroeconomica, EarlyView.
ABSTRACT This paper analyses a closure of Sraffa's price system found in some neoclassical literature, which involves equating the rate of interest with the rate of time preference. This closure aims to reconnect the rate of interest with individuals' intertemporal preferences.
Enrico Bellino, Gabriel Brondino
wiley   +1 more source

Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation

open access: yesMetroeconomica, EarlyView.
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley   +1 more source

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

open access: yesMetroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

“Anthill” [PDF]

open access: yes, 2016
Uriupina, E.
core  

Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis

open access: yesMetroeconomica, EarlyView.
ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley   +1 more source

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