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Labor income share consequences of global financial crisis : evidence from Turkey
Tansever, Sinem Sefil - In: International journal of business and economic sciences … 10 (2017) 2, pp. 73-84
Purpose: The aim of this study is to examine the effects of the 2008 financial crisis on the labor share in Turkey, by conducting a comparative analysis of various labor share measures using both micro survey and aggregate data. Design/Methodology/Approach: By adopting aggregate data- based...
Persistent link: https://www.econbiz.de/10011709600
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Rethinking wage vs. profit-led growth theory with implications for policy analysis
Palley, Thomas I. - 2014
The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has … shareholder income. Increasing workers' wage bill share increases growth and capacity utilization regardless of whether the …Die Unterscheidung von Lohn- und Profit-getriebenem Wachstum (profit-led bzw. wage-led growth) ist ein wesentlicher …
Persistent link: https://www.econbiz.de/10010458230
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Pandemics and aggregate demand : a framework for policy analysis
Flaschel, Peter; Galanis, Giorgos; Tavani, Daniele; … - 2021
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://www.econbiz.de/10012660440
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Increased shareholder power and its long-run macroeconomic effects in a Kaleckian model with debt accumulation
Sasaki, Hiroaki; Fujita, Shinya - In: The Kyoto economic review 81 (2012) 2, pp. 82-105
Persistent link: https://www.econbiz.de/10010421931
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Macroeconomic Implications of Inequality and Income Risk
Aladangady, Aditya; Gagnon, Etienne; Johannsen, Benjamin K. - 2021
We explore the long-run relationship between income risk, inequality, and the macroeconomy in an overlapping-generations model in which households face uncertain streams of labor income and returns on their savings. To manage those risks, households can apportion their savings to a bond, whose...
Persistent link: https://www.econbiz.de/10013313121
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Does the German minimum wage benefit low income households : a comparison of observed outcomes and simulated potential effects
Backhaus, Teresa; Müller, Kai-Uwe - 2019
pre-reform wages ignoring large job fluctuations and measurement error at the bottom of the wage distribution. In contrast …, we define the group of affected by identifying people’s relative position in the wage distribution in each respective … year. In line with expectations, we find clear evidence for wage increases at the bottom of the wage distribution. Yet, the …
Persistent link: https://www.econbiz.de/10012304647
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Does the German minimum wage help low income households? : evidence from observed outcomes and the simulation of potential effects
Backhaus, Teresa; Müller, Kai-Uwe - 2019
hourly wage measurement in certain types employment, and unequal wage growth across the distribution. Confirming previous … wage distribution. In contrast, we define the group of affected by people’s relative position in the wage distribution in … at the bottom of the wage distribution. Effects on wage inequality are limited because of non-compliance, difficulties in …
Persistent link: https://www.econbiz.de/10012014238
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The gender gap in income and the COVID-19 pandemic
Doorley, Karina; O'Donoghue, Cathal; Sologon, Denisa M. - 2021
The gender income gap is large and well documented for many countries. Recent research shows that it is mainly driven by differences in working patterns between men and women, but also by wage differences. The tax-benefit system cushions the gender income gap by redistributing between men and...
Persistent link: https://www.econbiz.de/10012518063
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The regional distribution of income and wages : causes and consequences
Immel, Lea - 2021
erences in the distribution of income and wages using county-level data from Germany. Chapter 2 analyzes the impact of the so … the wage distribution in the surrounding area. Chapters 4 and 5 turn to the political consequences of regional income …
Persistent link: https://www.econbiz.de/10012484032
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The impact of labor market reforms on income inequality : evidence from the German Hartz reforms
Immel, Lea - 2021
In this paper, I study the distributional consequences of the German Hartz reforms, a set of four comprehensive labor market reforms implemented in Germany between 2003 and 2005. I exploit regional variation in the intensity German counties were affected by the reforms to estimate the causal...
Persistent link: https://www.econbiz.de/10012431602