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Financialisation and market concentration in the USA : a monetary circuit theory
Dögüs, Ilhan - 2021
This paper explains the emergence of financialisation of nonfinancial corporations (NFCs) in the USA by way of the …
Persistent link: https://www.econbiz.de/10012628044
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Wage dispersion and pension funds : financialisation of non-financial corporations in the USA, 1966-2013
Dögüs, Ilhan - 2017
It has already been pointed out in the literature on financialisation that private pension funds have played a key role …
Persistent link: https://www.econbiz.de/10011685397
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Rising wage dispersion between white-collar and blue-collar workers and market concentration : the case of the USA, 1966-2011
Dögüs, Ilhan - 2017
In this paper, I address the simple question "What types of employees have been steadily paid more by what type of employers?" and I suggest that rising market concentration has a significant structural impact on the wage differentials between white and blue-collar workers. The innovative...
Persistent link: https://www.econbiz.de/10011685393
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Consumption dispersion between white-collar and blue-collar workers and rising market concentration in the USA : 1984-2011
Dögüs, Ilhan - 2019
The relationship between consumption inequality (between two groups) and market concentration has hitherto been absent from the literature. This paper argues that consumption dispersion between white-collar and blue-collar workers has caused increased market concentration in the USA in a direct...
Persistent link: https://www.econbiz.de/10011963831
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The long run earnings effects of a credit market disruption
Adamopoulou, Effrosyni; De Philippis, Marta; Sette, Enrico - 2020
This paper studies the long term consequences on workers' labour earnings of the credit crunch induced by the 2007-2008 financial crisis. We study the evolution of both employment and wages in a large sample of Italian workers followed for nine years after the start of the crisis. We rely on a...
Persistent link: https://www.econbiz.de/10012207357
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Rising concentration and wage inequality
Cortes, Guido Matias; Tschopp, Jeanne - 2020
Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...
Persistent link: https://www.econbiz.de/10012257969
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Employer concentration and wages for specialized workers
Thoresson, Anna - 2021
This paper studies how wages respond to a sudden change in employer concentration. It exploits a reform that deregulated the Swedish pharmacy market, which until 2009 was a monopoly. The reform involved a substantial increase in the number of employers on the pharmacy labor market. However, the...
Persistent link: https://www.econbiz.de/10012510239
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After the financial crisis : reforms and reform options for finance, regulation and institutional structure
Herr, Hansjörg - 2016
The finance dominated type of capitalism that has developed from the late 1970s and early 1980s on finds its nucleus in the deregulation of the national and international financial system and the switch to a shareholder oriented corporate governance system. Other aspects such as labour market...
Persistent link: https://www.econbiz.de/10011449136
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Financialisation, debt and inequality : scenarios based on a stock flow consistent model
Detzer, Daniel - 2016
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
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Financialisation and the financial and economic crises : theoretical framework and empirical analysis for 15 countries
Dodig, Nina; Hein, Eckhard; Detzer, Daniel - 2015
This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 … financialisation, namely a debtled private demand boom, an export-led mercantilist, and a domestic demand-led regime. We then take a …
Persistent link: https://www.econbiz.de/10011311194