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Differences in wage-determination systems between regular and non-regular employment in a Kaleckian model
Review of Keynesian Economics ( IF 1.219 ) Pub Date : 2019-07-01 , DOI: 10.4337/roke.2019.03.05
Ryunosuke Sonoda 1 , Hiroaki Sasaki 2
Affiliation  

In this study, we build a Kaleckian model incorporating institutional differences between the wage determination of regular employment and that of non-regular employment. Using this model, we investigate how an employment shift toward regular workers affects the capacity utilization rate and income distribution. Our results show that while such shift in employment decreases the capacity utilization rate and increases the wage share of regular workers, it either increases or decreases the wage share of non-regular workers. An increase in the flexibility of the labor market, as seen in an employment shift toward non-regular workers, increases the amplitude of business cycles. However, the introduction of a minimum wage fornon-regular workers stabilizes the economy.

中文翻译:

卡莱克模型中正规就业和非正规就业之间工资决定系统的差异

在这项研究中,我们建立了一个 Kaleckian 模型,其中包含了正规就业和非正规就业工资决定之间的制度差异。使用这个模型,我们研究了就业向正规工人的转变如何影响产能利用率和收入分配。我们的结果表明,虽然这种就业转移降低了产能利用率并增加了正式工人的工资份额,但它会增加或减少非正式工人的工资份额。劳动力市场灵活性的增加,如就业转向非正规工人所见,增加了商业周期的幅度。然而,引入非正规工人的最低工资稳定了经济。
更新日期:2019-07-01
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