Wages, Employment, Distribution and Growth: International Perspectives

Cover......Page 1
Contents......Page 6
List of Tables and Figures......Page 8
Notes on the Contributors......Page 11
Introduction......Page 14
1 Labour-Market Flexibility and Economic Expansion......Page 22
2 The Causes of High Unemployment: Labour-Market Sclerosis v. Macroeconomic Policy......Page 33
3 Is Capital Stock a Determinant of Unemployment?......Page 62
4 Deflation Risks in Germany and the EMU: The Role of Wages and Wage Bargaining......Page 80
5 The Influence of Unemployment, Productivity and Institutions on Real Wage Trends: The Case of Italy 1970–2000......Page 106
6 Unequal Fortunes, Unstable Households: Has Rising Inequality Contributed to Economic Troubles for Households in the USA?......Page 130
7 The Effects of Economic Liberalization on Income Distribution: A Panel-Data Analysis......Page 164
8 Pensions and Distribution in an Ageing Society: A Non-Conventional View......Page 194
9 Do Profits Affect Investment and Employment? An Empirical Test Based on the Bhaduri–Marglin Model......Page 219
10 Class Conflict and the Cambridge Theory of Income Distribution......Page 236
11 The Dynamics of Profit- and Wage-led Expansion: A Note......Page 260
Index......Page 268