| Description |
1 online resource (209 pages). |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
Advances in Labour Studies ; v. 4
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Advances in labour studies.
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| Contents |
Cover; Half-Title; Title; Copyright; Contents; List of Tables and Figures; Tables; Figures; Foreword; Preface; Notes on Contributors; Introduction; Table I.1 Labour income share as percentage of GDP at current factor costs orwage share in GDP, in percentage, G20 countries, average values over the tradecycle, early 1980s-2008; Table I.2 The share of top 1 per cent earners' income in total income, mid-1970s to mid-2000s; 1 Wage-led Growth: Concept, Theories and Policies; Table 1.1 Pro-labour and pro-capital distributional policies; Table 1.2 Definition of profit-led and wage-led regimes. |
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Table 1.3 Viability of growth regimesTable 1.4 Actual growth strategies in the economic regime/distributionalpolicies framework; Table 1.5 Economic structure: wage-led and profit-led demand regimes; Table 1.6 Effects of an increase in the wage share and domestic and totaldemand regimes; Table 1.7 Economic structure: wage-led and profit-led productivity regimes; Table 1.8 Total productivity effect of an increase in the wage share, when thepartial productivity regime is wage-led. |
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Table 1.9 Summary of the results of Onaran and Galanis (2013): effects of anational and global one percentage point increase in the profit share2 Why Have Wage Shares Fallen? An Analysis of the Determinants of Functional Income Distribution; Figure 2.1 Adjusted wage shares in advanced countries, Germany, Japan andthe United States, 1970-2010; Figure 2.2 Adjusted wage share in developing countries; Figure 2.3 Key determinants of functional income distribution; Table 2.1 Results for the baseline specification and variations; Figure 2.4 Baseline explanatory variables for developing countries. |
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Figure 2.5 Baseline explanatory variables for advanced countriesTable 2.2 Results for the baseline specification -- advanced countries; Figure 2.6 Contributions to the change in the wage share for all countries,1990/94 to 2000/04; Figure 2.7 Contributions to the change in the wage share for advanced countries,1980/84-2000/4; Table A.1 Variables -- all countries; Table A.2 Variables -- additional variables for advanced countries; 3 Is Aggregate Demand Wage-led or Profit-led? A Global Model; Figure 3.1 Wage share (adjusted, ratio to GDP at factor cost). |
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Table 3.1a Average growth of GDP (%), developed countriesTable 3.1b Average growth of GDP (%), developing countries; Table 3.2 The summary of the effects of a 1 percentage point increase in the profit share; Table 3.3 Two wage-led recovery scenarios; 4 Wage-led or Profit-led Supply: Wages, Productivity and Investment; Table 4.1 Estimates of the impact of (investment) demand growth on productivity growth; Table 4.2 Estimates of the impact of real wage growth on productivity growth; Figure 4.1 A model of wage-led growth with exogenous productivity; Figure 4.2 A model of wage-led growth. |
| Note |
Figure 4.3 A model of profit-led growth. |
| Summary |
This book 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. The volume argues that distributional shifts in favour of capital and the rise in income inequality have reduced economic growth and increased economic instability. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Wages.
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Wages. |
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Profit.
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Profit. |
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Income distribution.
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Income distribution. |
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Economic development.
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Economic development. |
| Genre/Form |
Electronic books.
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| Added Author |
Stockhammer, Engelbert, 1969-
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| Other Form: |
Print version: Lavoie, Marc. Wage-led Growth : An equitable strategy for economic recovery. Geneva : International Labour Office, ©2013 9789221274872 |
| ISBN |
9789221274889 (electronic book) |
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9221274888 (electronic book) |
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