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The Role of Governments in Aligning Functional Income Distribution with Full Employment

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governments.pdf (421.81 KB)

Publication date

2017-09

Authors

Spithoven, AntoonISNI 0000000115932562

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Supervisors

DOI

https://doi.org/10.1080/00213624.2017.1359035

Document Type

Article

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Utrecht University Repository
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cc_by_nc_nd

Abstract

Demand is an incentive for investment. The latter is necessary to create employment. If demand lags behind supply, then unemployment and underemployment rise. Persistent unemployment and underemployment indicate a dysfunctional price mechanism. Then, only governments can stimulate demand. They may equalize ex ante saving and investment by public investment, income redistribution, or market regulation.

Keywords

economic policies, Keynesian economics, United States, SCI and SSCI Journals, SDG 8 - Decent Work and Economic Growth

Citation

Spithoven, A H G M 2017, 'The Role of Governments in Aligning Functional Income Distribution with Full Employment', Journal of Economic Issues, vol. 51, no. 3, pp. 688-697. https://doi.org/10.1080/00213624.2017.1359035

URI

https://dspace.library.uu.nl/handle/1874/355617