IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21213_2.html
   My bibliography  Save this book chapter

The political economy of income distribution

In: Income Distribution, Growth and Unemployment

Author

Listed:
  • .

Abstract

The income distribution curve, i.e. the relation between income distribution and some indicators of economic activity, being either unemployment or the rate of growth, has been presented in the literature under two opposite labels: labour-market led (LML) versus the goods-market led (GML). The former case is represented by the classical labour marker working, based originally on the concept of reserve army. According to this vision, there is a negative association between the wage share and the rate of unemployment. In the opposite conception, the rate of growth is favourable to profits and this is very close to the so called new-Keynesian view. These two hypotheses can be detected by means of two methodological approaches, one macro and the other structural. The latter identified each component of income distribution, i.e. wages, price and productivity. In this case, the political economy nature of the topic becomes more marked, while the possibility of introducing a wage-price spiral into the analysis allows to broaden the income distribution debate (IDD).

Suggested Citation

  • ., 2022. "The political economy of income distribution," Chapters, in: Income Distribution, Growth and Unemployment, chapter 2, pages 25-35, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21213_2
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781802206005.00008.xml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nicolò Bird & Ganga Tilakaratna & Louise Moreira Daniels & Shilohni Sumanthiran & Élise Chrétien & Krista Alvarenga & Pedro Arruda, 2022. "Public expenditure analysis for social protection in Sri Lanka," Research Report 74, International Policy Centre for Inclusive Growth.
    2. Torsten Müller & Thorsten Schulten, 2022. "Die europäische Mindestlohn-Richtlinie – Paradigmenwechsel hin zu einem Sozialen Europa," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 48(3), pages 335-364.
    3. Hanley, Brenda J. & Carstensen, Michelle & Walsh, Daniel P. & Christensen, Sonja A. & Storm, Daniel J. & Booth, James G. & Guinness, Joseph & Them, Cara E. & Ahmed, Md Sohel & Schuler, Krysten L., 2022. "Informing Surveillance through the Characterization of Outbreak Potential of Chronic Wasting Disease in White-Tailed Deer," Ecological Modelling, Elsevier, vol. 471(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21213_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.