Wage and employment in a finance-led economy

Célia Firmin (celia.firmin@malix.univ-paris1.fr)
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Célia Firmin: Centre d'Economie de la Sorbonne

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

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

Keywords: Financialization; labor's share; capital accumulation; simulations experiments (search for similar items in EconPapers)
JEL-codes: E12 E24 E44 E51 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006-03
New Economics Papers: this item is included in nep-fdg, nep-fmk and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:r06024

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