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Since the early 1980s, financialisation has become an increasingly important trend in developed capitalist countries, with different beginnings, speed and intensities in different countries. Rising inequality has been a major feature of this trend. Shares of wages in national income have...
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The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to the rich has been an important feature of financedominated capitalism since the early 1980s. After the Great Financial Crisis and the Great Recession in 2007-9, the recovery has...
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In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial Crisis and the Great Recession. The focus is on functional income distribution and thus on the relationship between financialisation and the wage share or the gross profit share....
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Dieses Buch betrachtet die Entwicklung der funktionalen und personellen Einkommensverteilung und deren Verortung im … funktionalen und zur personellen Einkommensverteilung dargestellt. Ansätze der Mainstream-Ökonomie werden heterodoxen Ansätzen … betrachtet, konkret wird die Entwicklung der funktionalen bzw. personellen Einkommensverteilung in insgesamt 14 Ländern zwischen …
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In this paper, we examine if and to what extent the Kaleckian theory of mark-up pricing can explain changes in functional income distribution in an environment of financialization. Following this approach, we expect financialization to influence the aggregate wage share through three channels:...
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