Wage and employment in a finance-led economy

Salaire et emploi dans une économie financiarisée

Célia Firmin ()
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Célia Firmin: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with a post Keynesian "stock-flow" macroeconomic model. In fact, the increased share of financial activities creates a new macroeconomic and income distribution dynamic. We will use the steady-state case and simulations experiments to analyse model reaction to a change in financial key parameter when the wage share is endogeneous.

Keywords: financialization; labor's share; capital accumulation; simulations experiments; financiarisation; part salariale; accumulation du capital; simulations (search for similar items in EconPapers)
Date: 2006-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00113342
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Published in 2006

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00113342

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