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Marc Lavoie and Eckhard Hein

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Abstract: We first present some of the critiques of mainstream economics, in particular those linked to the labour market seen from a macroeconomic perspective; we then present an alternative view of the labour market, in particular regarding the impact of higher real wages on employment. The chapter ends with a discussion of the implications of such a view for wage bargaining and macroeconomic policies. What is advocated here is a wage-led growth strategy.

Date: 2015
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Published in T. Johannsson. Lönebildning bortom NAIRU, Landsorganisationen Sverige (LO), pp. 134-153, 2015

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01343651

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