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Steady-state Growth and Distribution With an Endogenous Direction of Technical Change

Year: 2005

Type: article

Abstract: A model of labor-constrained accumulation and economically directed technical progress has a stable steady state at which the class distribution of income is invariant with respect to population and saving parameters yet sensitive to workers’ stances in wage bargaining and to the tax and transfer policies of a redistributive state.

Source: Metroeconomica

DOI: 10.1111/j.1467-999x.2005.00209.x

Author: A. J. Julius

Institution: The New School

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth

Open Access status: green

OpenAlex ID: W2084667474

FWCI: 0.566

Cites: 34

Cited by: 52

Related to: 10