The rapidly aging populations of many developed countries--most notably Japan and member countries of the European …, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of …

in France, Germany, the UK and the USA has been wage-led, whereas Austria and the Netherlands have been profit-led. In …We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for …