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Cyclical patterns of employment, utilization, and profitability

Ben Zipperer and Peter Skott ()

Journal of Post Keynesian Economics, 2011, vol. 34, issue 1, 25-58

Abstract: The interaction between income distribution, accumulation, employment, and the utilization of capital is central to macroeconomic models in the "heterodox" tradition. This article examines the stylized pattern of these variables using U.S. data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cyclical patterns among the variables.

Date: 2011
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Handle: RePEc:mes:postke:v:34:y:2011:i:1:p:25-58