Onaran, Özlem; Galanis, Giorgos - Post Keynesian Economics Study Group - PKSG - 2013
This paper estimates the effects of a change in the wage share on growth at a national and global level in the G20 … countries. A decrease in the wage share leads to lower growth in the euro area, Germany, France, Italy, UK, US, Japan, Turkey …, and Korea, whereas it stimulates growth in Canada, Australia, Argentina, Mexico, China, India, and South Africa. However …