A global race to the bottom: The neo-Goodwinian aggregative-systems estimation of income distribution and capacity utilization interactions
The neoliberal reforms since the 1980s have resulted in rapid globalization paralleled by worsening income distribution. In this paper, I first show that most countries worldwide (58 of 81) have experienced a decline in the labor share of income, or the wage share, during 1950-2019. Second, I estim...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2024-04-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18186 |