Wage-Led Growth: An Equitable Strategy for Economic Recovery

Marc Lavoie · Engelbert Stockhammer

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Economic Theory and Policy Labor market dynamics and wage inequality Political Economy and Marxism

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.

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