Onaran, Özlem; Galanis, Giorgos - Political Economy Research Institute (PERI), University … - 2013
The authors estimate the effects of a change in the wage share on growth at a national and global level in the G20 countries. They find that a decrease in the wage share leads to lower growth in the euro area, Germany, France, Italy, UK, US, Japan, Turkey, and Korea, whereas it stimulates growth...