JOURNAL ARTICLE
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Die Lohnquote im makroökonomischen Modell
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 63–94
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Ramser, Hans J.
Cited By
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KEYNESSCHE INFLATIONS‐ UND KALDORSCHE VERTEILUNGSTHEORIE
Ramser, Hans JÜrgen
Kyklos, Vol. 32 (1979), Iss. 1-2 P.205
https://doi.org/10.1111/j.1467-6435.1979.tb02601.x [Citations: 3]
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Abstract
This study analyses the distributional implications of employment theory where the latter is meant to cover a class of models reaching from the usual Keynesian textbook model to the more recent disequilibrium concepts. In the textbook case, distribution is always determined by elements from both marginal productivity and Kaldorian theory - granted a solution exists; consequently for a = 1, the share of wages is not independent of employment. Under similarly general assumptions, the various disequilibrium models considered do not permit clear-cut conclusions - neither for the adjustment process nor for their steady-state. As a result, one is generally unable to determine the policy implications for this type of models that is obviously superior to the textbook case. In addition, the use of conventional hypotheses about wage-price-dynamics may lead to serious stability problems.