Profit sharing and its effect on income distribution and output: a Kaleckian approach

Hiroaki Sasaki

Cambridge Journal of Economics, 2016, vol. 40, issue 2, 469-489

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.

Date: 2016
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Working Paper: Profit Sharing and its Effect on Income Distribution and Output: A Kaleckian Approach (2013)
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