This study investigates the relative impact of financialisation, globalisation, welfare state retrenchment and technological change on functional income distribution. This is done with an (unbalanced) panel analysis covering up to 71 countries (28 advanced and 43 developing and emerging...

This paper estimates the effects of a change in the wage share on growth in the G20 countries using a post-Keynesian/post-Kaleckian model, analyses the interactions among different economies, and calculates the global multiplier effects of a simultaneous decline in the wage share

This paper argues that the polarization of income distribution and the decline in the wage share play an important role in the generation of unbalanced and fragile growth. The authors examine the possibility of an alternative path, a wage-led growth strategy, which is likely to generate a much...