Wage-Led Growth [electronic resource] : An Equitable Strategy for Economic Recovery /
Stockhammer, Engelbert.author.
Lavoie, M.editor.
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Description based upon print version of record.
Cover; Half-Title; Title; Copyright; Contents; List of Tables and Figures; Foreword; Preface; Notes on Contributors; Introduction; 1 Wage-led Growth: Concept, Theories and Policies; 2 Why Have Wage Shares Fallen? An Analysis of the Determinants of Functional Income Distribution; 3 Is Aggregate Demand Wage-led or Profit-led? A Global Model; 4 Wage-led or Profit-led Supply: Wages, Productivity and Investment; 5 The Role of Income Inequality as a Cause of the Great Recession and Global Imbalances
6 Financialization, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-led RecoveryIndex
Includes bibliographical references and index.
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Macroeconomics.
Economic theory.
Microeconomics.
Labor economics.
Econometrics.
Finance.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Microeconomics.
Labor Economics.
Econometrics.
Finance, general.