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Is aggregate demand wage-led or profit-led? National and global effects

"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."

Bibliographic Details
Main Authors: Onaran, Özlem, Galanis,Giorgos
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Geneva 2012
ILO
Subjects:
income distribution
methodology
statistics
supply and demand
wages
Online Access:https://www.labourline.org/KENTIKA-19120580124919487629-is-aggregate-demand-wage-led-o.htm
Description
Summary:"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."
Physical Description:74 p.
Digital

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