A neo-Kaleckian-Goodwin model of capitalist economic growth: monopoly power, managerial pay and labour market conflict
构建了一个新卡莱茨基-古德温增长与分配模型，引入管理层薪酬，解释了美国过去30年增长放缓的原因：收入不平等加剧源于工资从工人向管理层的转移，并揭示了经济可同时呈现工资主导和利润主导特征。
This paper presents a neo-Kaleckian–Goodwin model of growth and distribution. The key innovation is the introduction of managerial pay. Kaleckian monopoly power determines the functional distribution of income and Goodwin labour bargaining power determines the wage-bill division. The model helps explain slower US growth over the past 30 years. For much of that period the functional distribution of income was relatively constant, but growth slowed because income inequality increased owing to a wage-bill shift from workers to managers. The wage-bill division effect explains why economies can display wage-led and profit-led characteristics. Economies can be profit-led regarding functional income distribution and wage-led regarding wage-bill distribution.