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Trends in the distribution of income between labor and capital: Factors, consequences and problems of adjustment

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  • V. Klinov

Abstract

Inverse cyclical relations of trends in distribution of GDP between labor and capital components of value added (between compensation of employees, on the one hand, and gross operating surplus plus gross mixed income, on the other hand) to the trends in supply of labor and capital in the economy are elaborated in the article. Long waves and globalization influence on the economic policy of the USA and on personal income distribution in the country as well as economic, social and political consequences of such distribution are subjects of indepth analysis. Adjustment of income distribution is presented in the article as a key problem to be solved by economics and form a part of the economic strategy adequate to the realities of the 21st century.

Suggested Citation

  • V. Klinov, 2016. "Trends in the distribution of income between labor and capital: Factors, consequences and problems of adjustment," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2016:id:213
    DOI: 10.32609/0042-8736-2016-7-64-77
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