We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Profit sharing and its effect on income distribution and output: a Kaleckian approach.
- Authors
Hiroaki Sasaki
- Abstract
This study investigates how profit sharing influences the economy by using a Kaleckian model. Unlike existing research, I endogenise the profit share. The analysis shows that profit sharing decreases or increases the equilibrium capacity utilisation rate depending on whether the productivity-enhancing effect of profit sharing is weak or strong. Moreover, the presented numerical simulations show that the profit-sharing effects on income distributions differ according to the relative strength of the productivity-enhancing effect of profit sharing.
- Subjects
PROFIT-sharing; INCOME inequality; KALECKIAN Model of Growth &; Distribution; EMPLOYMENT; WAGE differentials
- Publication
Cambridge Journal of Economics, 2016, Vol 40, Issue 2, p469
- ISSN
0309-166X
- Publication type
Article
- DOI
10.1093/cje/beu087