The distribution of national income by factor shares in the E.E.C. countries

 The literature on the functional distribution of income in postwar years is vast, with economists and statisticians attributing great importance to the topic. The author argues that this is because the division of income between capital and labor has a decisive influence on the growth rate of produ...

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Bibliographic Details
Published in:PSL quarterly review 2013-10, Vol.35 (141)
Main Author: A. GIANNONE
Format: Article
Language:English
Subjects:
capital
Distribution of income
growth
labor
production
Online Access:Get full text
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Summary: The literature on the functional distribution of income in postwar years is vast, with economists and statisticians attributing great importance to the topic. The author argues that this is because the division of income between capital and labor has a decisive influence on the growth rate of production. In the first section, the distribution of gross product and national income are analysed. Later, the labor income is dealt with. Finally, the average compensation for employees is considered, in and for itself and in relation to other variables in the economic system.   JEL: E25
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643/10750