chiefly centre around the treatment of price inflation expectations ('indexation') and the incorporation of bargaining power … and employment curves, and hence stable equilibria. Only the BSL3 variant with complete indexation and complete pass …-through generates shifting Phillips and employment curves, implying instability. It is thus similar to the HS-0 approach, which has …

investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … stylised labour demand equation and show that the labour share is a driving force of employment. We substantiate our analytical … exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the …

generation and maintenance of full employment, and the equitable distribution of incomes. The paper reconsiders the policy … opposed to the output gap) is far more effective in stabilizing employment, incomes, investment, and balance sheets. …

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

model to identify four structural innovations: aggregate demand, labour supply, wage bargaining, and productivity; (iii … share responded mainly to productivity, aggregate demand, and wage bargaining shocks during the immediate post-war era …; whereas wage bargaining, productivity, and aggregate demand shocks mattered most during the Great Moderation. Second, these …