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Real wage index numbers have been used to measure movements in the standard of living of the typical worker. This paper describes some of these indicators for the United States and England. A new real...
A Kaldor Matching Model of Real Wage Declines
Kaldor real wage interest rate national debt unemployment benefits
2013/10/18
A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model ...