Jackson, W A orcid.org/0000-0001-5194-7307 (1992) The employment distribution and the creation of financial dependence. Journal of post keynesian economics. pp. 267-280. ISSN 0160-3477
Abstract
A fall in national income has varied consequences for the working population: some carry on working as normal, others become unemployed. Those excluded from work lose their main income source and must usually rely on public welfare, entering a financial dependence created endogenously as the economy adjusts. The current paper examines this induced financial dependence and its implications within a Post Keynesian model. A skewed employment distribution forces higher transfer payments than would occur if employment was distributed more evenly. The additional expenditures help to sustain profitability, so it is in the collective interest of employers and profit recipients to concentrate unemployment in a subset of the working population.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | unemployment,social security,financial dependence,distribution,Keynesian economics,consumption function |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) |
Depositing User: | Pure (York) |
Date Deposited: | 22 Jul 2019 09:40 |
Last Modified: | 08 Feb 2025 00:14 |
Published Version: | https://doi.org/10.1080/01603477.1991.11489897 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1080/01603477.1991.11489897 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:148711 |
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Description: The Employment Distribution and the Creation of Financial Dependence