Equality-led Development and the Demand- and Supply-side Effects
Datos Bibliográficos
| ID | 3884342 |
|---|---|
| Autores | Özlem Onaran (0000-0002-6345-9922, autor de correspondencia) |
| Año | 2019 |
| Volumen | 50 |
| Número | 2 |
| Páginas | 445-457 |
| Fecha de publicación | 2019-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Development and Change (JOURNAL) |
| Identificadores de la revista | ISSN: 0012-155X • E-ISSN: 1467-7660 |
| Editorial | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/dech.12488 |
| OpenAlex | W2921033483 |
| Idioma | EN |
| Citas recibidas | 3 |
| Referencias citadas | 13 |
This contribution to the Forum Debate on global development focuses on the dimension of functional income distribution between labour and capital and its demand-side and supply-side effects. The article summarizes recent literature that has sought to explain the reasons behind the global fall in the labour share. It then discusses the demand-side effects of the declining wage share on growth, based on the post-Keynesian/post-Kaleckian literature. The author presents an alternative policy scenario for the G20 based on a mix of increasing wage share and public investment, before discussing the supply-side effects of rising inequality. The article concludes with some policy implications for equality-led development
Demand side · Distribution (mathematics) · Economics · Effective demand · Efficiency wage · Income distribution · Inequality · Investment (military) · Labour economics · Macroeconomics · Market economy · Political science · Post-Keynesian economics · Supply side · Wage · Wage share · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Political Economy and Marxism
| Obras citantes distintas | 3 |
|---|---|
| Citas por año | 1 |
| Intervalo de citas | 2023 - 2024 (2) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 3 |