Is aggregate demand wage-led or profit-led? National and global effects
Onaran, Özlem ; Galanis,Giorgos
ILO - Geneva
2012
74 p.
income distribution ; methodology ; statistics ; supply and demand ; wages
Conditions of Work and Employment Series
40
Wages and wage payment systems
English
Bibliogr.;[Internet download]
2226-8952
"This paper estimates the effects of a change in the wage share on growth in the G20 countries using a post-Keynesian/post-Kaleckian model, analyses the interactions among different economies, and calculates the global multiplier effects of a simultaneous decline in the wage share."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.