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

Olivier Allain ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: WAGE RESTRAINT: THE (NEO-)KALECKIANS' POINT OF VIEWWage restraint policies are generally perceived as a good way to support growth and employment. This idea is criticises 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.

Keywords: Economic growth; Kalecki; Wage moderation; Income distribution; Répartition du revenu; Croissance économique; Rigueur salariale (search for similar items in EconPapers)
Date: 2009-01-01
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Published in Revue Economique, 2009, 60 (1), pp.81-108

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Related works:
Journal Article: 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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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00356803

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