The impact of financialisation on the wage share: a theoretical clarification and empirical test
"It is frequently asserted that financialisation has contributed to the decline in the wage share. This paper provides a theoretical clarification and a systematic empirical investigation. We identify four channels through which financialisation can affect the wage share: (1) enhanced exit opti...
Main Authors: | Post-Keynesian Economics Study Group, Köhler, Karsten, Guschanski, Alexander, Stockhammer, Engelbert |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Durham
2018
PKSG |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19301228124911294009-The-impact-of-financialisation.htm |
Similar Items
-
Demand regimes, financialisation and hysteresis. New Keynesian and post-Keynesian macroeconomic underpinnings of the Varieties of Capitalism
by: Stockhammer, Engelbert
Published: (2018) -
The impact of financialization on income distribution in the USA and Germany: a proposal for a new adjusted wage share
by: Duenhaupt, Petra
Published: (2011) -
Financialisation and the requirements and potentials for wage-led recovery - a review focusing on the G20
by: Hein, Eckhard, et al.
Published: (2012) -
Why have wage shares fallen? A panel analysis of the determinants of functional income distribution
by: Stockhammer, Engelbert
Published: (2012) -
“Left behind?” Financialization and income inequality between the affluent, middle class, and the poor
by: Hyde, Allen
Published: (2018)