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Financialization has been growing importance in macroeconomic perspectives since the finance-dominated capitalist … substantially ignored the examination of the link between an increasing scale of financialization and the rising income inequality … relationship between financialization and the labor share of national income using a panel dataset of 52 countries over the 1992 …
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Wage shares have fallen substantially over the past 25 years. In the Euro area the (adjusted) wage share declined by almost ten percentage points. Recently, there has been a renewed interest in the determinants of functional income distribution. IMF (2007a) and EC (2007) find that technological...
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