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Wage-Led Growth: An Equitable Strategy for Economic Recovery

Author

Listed:
  • Marc Lavoie

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique, University of Ottawa [Ottawa])

  • Stockhammer Engelbert

    (Kingston University)

Abstract

This original and extensive study examines the causes and consequences associated with the falling wage share and rising inequality in income distribution, relating to both aggregate demand and labour productivity. It presents new empirical and econometric evidence regarding the economic causes and potential impact of changing income distribution.

Suggested Citation

  • Marc Lavoie & Stockhammer Engelbert, 2013. "Wage-Led Growth: An Equitable Strategy for Economic Recovery," Post-Print hal-01343664, HAL.
  • Handle: RePEc:hal:journl:hal-01343664
    Note: View the original document on HAL open archive server: https://hal-univ-paris13.archives-ouvertes.fr/hal-01343664
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    Citations

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    Cited by:

    1. repec:voj:journl:v:63:y:2016:i:2:p:157-174 is not listed on IDEAS
    2. Soon Ryoo, 2016. "Inequality of Income and Wealth in the Long Run: A Kaldorian Perspective," Metroeconomica, Wiley Blackwell, vol. 67(2), pages 429-457, May.
    3. Robert A. Blecker, 2016. "Wage-led versus profit-led demand regimes: the long and the short of it," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(4), pages 373-390, October.
    4. Karwowski, Ewa & Stockhammer, Engelbert, 2016. "Financialisation in Emerging Economies: A Systematic Overview and Comparison with Anglo-Saxon Economies," Economics Discussion Papers 2016-11, School of Economics, Kingston University London.
    5. Florentin GLÖTZL & Armon REZAI, 2016. "A sectoral net lending perspective on Europe," Ecological Economics Papers ieep12, Institute of Ecological Economics.
    6. Natsuka Tokumaru & Hiroyuki Uni, 2015. "Fair Shares between Worker and Investor:Economic Experiments on Functional Income Distribution," Discussion papers e-15-002, Graduate School of Economics Project Center, Kyoto University.
    7. Eckhard Hein, 2016. "Secular stagnation or stagnation policy? Steindl after Summers," PSL Quarterly Review, Economia civile, vol. 69(276), pages 3-47.
    8. Glötzl, Florentin & Rezai, Armon, 2016. "A sectoral net lending perspective on Europe," Ecological Economic Papers 5109, WU Vienna University of Economics and Business.
    9. Maurizio Franzini & Mario Pianta, 2015. "Four engines of inequality," LEM Papers Series 2015/20, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    10. Eckhard Hein, 2015. "Causes and Consequences of the Financial Crisis and the Implications for a More Resilient Financial and Economic System: Synthesis of FESSUD Work Package 3," Working papers wpaper128, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    11. Baccaro, Lucio & Howell, Chris, 2017. "Unhinged: Industrial relations liberalization and capitalist instability," MPIfG Discussion Paper 17/19, Max Planck Institute for the Study of Societies.
    12. Marc Lavoie & Eckhard Hein, 2015. "Going from a low to a high employment equilibrium," IMK Working Paper 144-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    13. Nishi, Hiroshi, 2018. "A Dynamic Analysis of Demand and Productivity Growth in a Two-sector Kaleckian Model," MPRA Paper 86778, University Library of Munich, Germany.
    14. Hiroshi Nishi, 2014. "Income Distribution and Economic Growth in a Multi-Sectoral Kaleckian Model," Discussion papers e-14-011, Graduate School of Economics Project Center, Kyoto University.
    15. Mark Hayes, 2016. "Trades unions, real wages and full employment," Working Papers PKWP1615, Post Keynesian Economics Society (PKES).
    16. repec:voj:journl:v:63:y:2016:i:1:p:1-24 is not listed on IDEAS
    17. Hein, Eckhard, 2016. "Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system," IPE Working Papers 61/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    18. Hiroshi Nishi, 2015. "Structural Change and Transformation of Growth Regime in the Japanese Economy," Discussion papers e-15-001, Graduate School of Economics Project Center, Kyoto University.
    19. Giovanni Bonifati, 2014. "Investimenti, consumi e occupazione. Capacità produttiva, domanda effettiva e distribuzione del reddito nel lungo periodo," Department of Economics 0046, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".

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