Aiginger, Karl; Guger, Alois - In: Research in Applied Economics 6 (2014) 3, pp. 157-178
evidence shows a tentatively improved performance if wage shares as well as polarization decreased. Declining wage shares could … supported with evidence showing that the crisis was deeper in countries in which incomes were more polarized or where wage … shares were lower. Empirical evidence for 37 mainly industrialized countries does not generally support the hypothesis that …