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This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
A method is presented that allows to separate the total labor income into parts of basic labor and human capital using annual micro data. As results yearly total income shares of physical and human capital and labor are obtained for a single country. The method is applied to Germany using micro...
Persistent link: https://www.econbiz.de/10010425827
In France and in Germany, the labour share income has recorded during the last thirty years some strong fluctuations. Those fluctuations could be linked to movements in price wedge and in interest rate and to increasing unemployment rate. After a theoretical examination of labour share income...
Persistent link: https://www.econbiz.de/10014187523
Persistent link: https://www.econbiz.de/10001420860
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
" in public opinion. This paper interprets the German performance against the background of financialisation. After an … examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German 'export …
Persistent link: https://www.econbiz.de/10010393475
Persistent link: https://www.econbiz.de/10011667009
Persistent link: https://www.econbiz.de/10009426390
We present an investigation into the long-run effects of financialisation on income distribution before the financial … approach towards the examination of the effects of financialisation on income distribution, as suggested by Hein (2014a). First … 2000s, in particular. Examining the three main channels through which financialisation (and neo-liberalism) are supposed to …
Persistent link: https://www.econbiz.de/10010408322
In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial … financialisation and the wage share or the gross profit share. The analysis is based on a Kaleckian theory of income distribution … adapted to the conditions of financialisation. Financialisation may thus affect aggregate wage or gross profit shares of the …
Persistent link: https://www.econbiz.de/10011621286