Real and Financial Determinants of the Profit Share of Income: The Financial Profit Squeeze

Matthew J. Bezreh and Jonathan P. Goldstein

Working Papers from Political Economy Research Institute, University of Massachusetts at Amherst

Abstract: This paper conducts a causal analysis of determinants of the profit share of income for nonfinancial corporations in the Neoliberal era. The analysis focuses on power relations across and amongst three classes: labor, industrial capitalists and financial capitalists. Particular attention is paid to the multidimensional power spectrum of financial capitalists. Regression results establish a financial profit squeeze, the specific elements of financial capitalist’s power responsible for the squeeze and the pervasive nature of low road labor strategies in the Neoliberal era.

Keywords: profit share; financial profit squeeze (search for similar items in EconPapers)
JEL-codes: B51 E11 E32 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-hme and nep-mac
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Citations: View citations in EconPapers (2)

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