Showing 1 - 10 of 1,465
This paper examines the determinants of the income share of wage earners in the nonfinancial, private sectors of Greece … since its introduction to the Eurozonein 1999. The main outcome of the integration of Greece into the Eurozone has been the … financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household …
Persistent link: https://www.econbiz.de/10013470905
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … unidirectional factor driving the labour share down since the eighties, and financialisation equally relevant in the eighties, but … inequality, although financialisation is the most important factor in absolute terms. In the post-Great Recession years of tense …
Persistent link: https://www.econbiz.de/10011756104
Economic theory frequently assumes constant factor shares and often treats the topic as secondary. We will show that this is a mistake by deriving the first high-frequency measure of the US labor share for the whole economy. We find that the labor share has held remarkably steady indeed, but...
Persistent link: https://www.econbiz.de/10010358421
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …
Persistent link: https://www.econbiz.de/10013085470
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early … ; capital intensity ; financialisation ; trade …
Persistent link: https://www.econbiz.de/10009717716
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early … ; Capital intensity ; Financialisation ; Trade …
Persistent link: https://www.econbiz.de/10009562971
In the era of financialisation, increasing income inequality could be observed in most developed and many developing … consumption in order to compensate for the potential lack of demand (associated with the depressing effect of financialisation … through which financialisation is expected to affect a countries development, a theoretical discussion on the conditions that …
Persistent link: https://www.econbiz.de/10011449155
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
We develop a three-country, stock-flow consistent macroeconomic model to study the effects of changes in both personal and functional income distribution on national current account balances. Each country has a household sector and a non-household (corporate) sector. The household sector is...
Persistent link: https://www.econbiz.de/10010201629
There is a growing literature comparing the current financial crisis or Great Recession to the worst economic crisis of capitalism, the Great Depression. However, the role of rising income inequality, which has risen dramatically before both crises, is rarely discussed. In this paper we discuss...
Persistent link: https://www.econbiz.de/10011289390