Socially sustainable economic growth

Christopher Pissarides

Vestnik of the St. Petersburg University. Series 5. Economics Вестник Санкт-Петербургского университета. Серия 5. Экономика, 2015, issue 2, 34-46

Abstract: Economic growth is essential for the improvement in general living standards and elimination of poverty but it could also bring some poor outcomes. The paper addresses the issues that arise when its benefits accrue mainly to a small class of senior managers and capital owners, with the majority of the workforce experiencing no gains. It starts with a discussion of how modern labour markets deliver the benefits of growth to workers through employment and what problems might generally arise. The service economy and digital technologies are given special emphasis. Alternative policy recommendations that can improve social inclusion and make economic growth socially more sustainable are discussed. Refs 11.

Keywords: УСТОЙЧИВЫЙ ЭКОНОМИЧЕСКИЙ РОСТ; SUSTAINABLE ECONOMIC GROWTH; ОТКЛОНЕНИЯ РЫНКА ТРУДА; LABOUR MARKET FRICTIONS; СОЦИАЛЬНЫЕ ВКЛЮЧЕНИЯ; SOCIAL INCLUSION; FLEXICURITY; НЕРАВЕНСТВО; INEQUALITY; БАЛАНС ГАРАНТИЙ ЗАНЯТОСТИ И ГИБКОСТИ РЫНКА ТРУДА (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scn:003571:16063971

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