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The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...
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We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … France, Germany, the UK, and the USA has been wage-led, whereas Austria and the Netherlands have been profit-led. In the case … of Austria a domestically wage-led economy is turned profit-led when including the effect of distribution on external …
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