Wages, Employment, Distribution and Growth: International Perspectives

Front Matter....Pages i-xi
Introduction....Pages 1-8
Labour-Market Flexibility and Economic Expansion....Pages 9-19
The Causes of High Unemployment: Labour-Market Sclerosis v. Macroeconomic Policy....Pages 20-48
Is Capital Stock a Determinant of Unemployment?....Pages 49-66
Deflation Risks in Germany and the EMU: The Role of Wages and Wage Bargaining....Pages 67-92
The Influence of Unemployment, Productivity and Institutions on Real Wage Trends: The Case of Italy 1970–2000....Pages 93-116
Unequal Fortunes, Unstable Households: Has Rising Inequality Contributed to Economic Troubles for Households in the USA?....Pages 117-150
The Effects of Economic Liberalization on Income Distribution: A Panel-Data Analysis....Pages 151-180
Pensions and Distribution in an Ageing Society: A Non-Conventional View....Pages 181-205
Do Profits Affect Investment and Employment? An Empirical Test Based on the Bhaduri-Marglin Model....Pages 206-222
Class Conflict and the Cambridge Theory of Income Distribution....Pages 223-246
The Dynamics of Profit- and Wage-led Expansion: A Note....Pages 247-253
Back Matter....Pages 255-275