Wage-Led Growth
An Equitable Strategy for Economic Recovery
Published on 1. January 2013
Book
Paperback/Softback
XIV, 193 pages
978-1-349-47092-1 (ISBN)
Description
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.
More details
Series
Edition
1st ed. 2013
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Illustrations
XIV, 193 p.
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 12 mm
Weight
269 gr
ISBN-13
978-1-349-47092-1 (9781349470921)
DOI
10.1057/9781137357939
Schweitzer Classification
Other editions
Additional editions
Book
12/2013
Palgrave Macmillan
€106.99
Shipment within 10-20 days
E-Book
12/2013
1st Edition
Palgrave Macmillan
€96.29
Available for download
Persons
Giorgos Galanis, New Economics Foundation, UK Eckhard Hein, Berlin School of Economics and Law, Germany Marc Lavoie, University of Ottawa, Canada Matthias Mundt, Berlin School of Economics and Law, Germany C.W.M. (Ro) Naastepad, Delft University of Technology, The Netherlands Özlem Onaran, University of Greenwich, UK Engelbert Stockhammer, Kingston University, UK Servaas Storm, Delft University of Technology, The Netherlands Simon Sturn, University of Massachusetts in Amherst, USA Till van Treeck, University of Duisburg-Essen, Germany.
Content
Foreword; Sangheon Lee Introduction; Marc Lavoie and Engelbert Stockhammer 1. Wage-led Growth: Concept, Theories and Policies; Marc Lavoie and Engelbert Stockhammer 2. Why have Wage Shares Fallen? An Analysis of the Determinants of Functional Income Distribution; Engelbert Stockhammer 3. Is Aggregate Demand Wage-led or Profit-led? A Global Model; Özlem Onaran and Giorgos Galanis 4. Wage-led or Profit-led Supply: Wages, Productivity and Investment; Servaas Storm and C.W.M. Naastepad 5. The Role of Income Inequality as a Cause of the Great Recession and Global Imbalances; Simon Sturn and Till van Treeck 6. Financialisation, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-led Recovery; Eckhard Hein and Matthias Mundt