La modération salariale. Le point de vue (néo-)kaleckien

Olivier Allain ()

Revue économique, 2009, vol. 60, issue 1, 81-108

Abstract: Wage restraint policies are generally perceived as a good way to support growth and employment. This idea is criticized by recent versions of the (neo-)kaleckian model which are built on three core assumptions : price setting relies on a mark-up rule; the propensity to save out of profits exceeds the propensity to save out of wages; investment depends on the current rate of profit. We present and discuss this model in its canonical form. Then we take into account some important developments : endogenous rate of mark-up in a wage bargaining frame, technical progress and open economy. Classification JEL : E12, E24, E64

JEL-codes: E12 E24 E64 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Working Paper: La modération salariale: le point de vue (néo-)kaleckien (2009)
Working Paper: La modération salariale: le point de vue (néo-)kaleckien (2009)
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