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Persistent link: https://www.econbiz.de/10009696187
The stock of robots used in industrial production more than doubled over the last two decades. Empirically, the direction of the association between automation and (un-)employment varies across countries. Which factors explain this cross-country variation? We argue that differences in collective...
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Purpose: The purpose of this paper is twofold: first, to reassert the persistent association of the decline in collective bargaining with the increase in income inequality, the fall in the share of wages in national income and deterioration in macroeconomic performance in the UK; and second, to...
Persistent link: https://www.econbiz.de/10012068233
In this study, a Kaleckian-Post-Keynesian macroeconomic model, which is an extended version of the Bhaduri and Marglin (1990) model, serves as the starting point. The merit of a Kaleckian model for our purposes is that it highlights the dual function of wages as a component of aggregate demand...
Persistent link: https://www.econbiz.de/10005539179
The aim of this paper is to discuss the outcomes of neoliberal globalization from the perspective of labor in the developing countries, with a particular emphasis on the crises that followed the substantial liberalization in capital accounts in the 1990s. Although a lot has been said about the...
Persistent link: https://www.econbiz.de/10005539182
This paper develops a model of distribution to analyze the effects of neoliberal globalization on labor in the developing countries. Distribution is determined via wage bargaining by workers, price setting by firms, and improvements in productivity. The full model has the nature of a...
Persistent link: https://www.econbiz.de/10005747499
This paper analyzes the impact of distribution on accumulation, capacity utilization and employment for Turkey by estimating a post-Keynesian open economy model in a structural vector autoregression form. The need for empirical analysis of the relationship between distribution and growth is...
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