Conflicting-Claims and Labor Market Concerns in a Super-multiplier SFC Model

Brochier, L. (2020) Conflicting-Claims and Labor Market Concerns in a supermultiplier SFC Model. Metroeconomica (forthcoming)

Posted: 27 Apr 2020 Last revised: 29 Apr 2020

See all articles by Lídia Brochier

Lídia Brochier

Universidade Federal do Rio de Janeiro (UFRJ) - Institute of Economics

Date Written: 2018

Abstract

We propose to introduce inflation via conflicting-claims, an endogenous labor productivity regime à la Kaldor-Verdoorn and an explicit account for the labor market into an SFC model that combines an endogenous autonomous expenditure component with the induced investment behavior of firms. The aim of the paper is to analyse the dynamics of real wage and productivity growth and the impacts on the long run growth trend, income shares and the employment rate of:

(i) changes in the propensity to consume;

(ii) changes in the bargaining power of workers; and

(iii) changes in the labour productivity under different institutional settings.

Keywords: Super-multiplier; Autonomous Expenditures; Conflicting-Claims; Labor Market; Growth Theories

JEL Classification: B59; E11; E12; E25; O41

Suggested Citation

Brochier, Lídia, Conflicting-Claims and Labor Market Concerns in a Super-multiplier SFC Model (2018). Brochier, L. (2020) Conflicting-Claims and Labor Market Concerns in a supermultiplier SFC Model. Metroeconomica (forthcoming), Available at SSRN: https://ssrn.com/abstract=3565989

Lídia Brochier (Contact Author)

Universidade Federal do Rio de Janeiro (UFRJ) - Institute of Economics ( email )

Rio de Janeiro, 22290-240
Brazil
+5521990532399 (Phone)

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