Wage-led growth: concept, theories and policies

This paper argues that the polarization of income distribution and the decline in the wage share play an important role in the generation of unbalanced and fragile growth. The authors examine the possibility of an alternative path, a wage-led growth strategy, which is likely to generate a much more...

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Bibliographic Details
Main Authors: Lavoie, Marc, Stockhammer, Engelbert
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Geneva 2012
ILO
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19120574124919487569-Wage-led-growth-concept,-theor.htm
Description
Summary:This paper argues that the polarization of income distribution and the decline in the wage share play an important role in the generation of unbalanced and fragile growth. The authors examine the possibility of an alternative path, a wage-led growth strategy, which is likely to generate a much more stable growth regime for the future."
Physical Description:37 p.
Digital