Wages, Employment, Distribution and Growth International Perspectives [Hardcover]

This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.List fo Tables and Figures Notes on the Contributors Introduction; E.Hein, A.Heise & A.Truger Labour Market Flexibility and Economic Expansion; A.Bhaduri The Causes of High Unemployment: Labour Market Sclerosis v Macroeconomic Policy; T.I.Palley Is Capital Stock a Determinant of Unemployment; P.Arestis, M.Baddeley & M.Sawyer Deflation Risks in Germany and the EMU: The Role of Wages and Wage Bargaining; E.Hein, T.Schulten & A.Truger The Influence of Unemployment, Productivity and Institutions on Real Wages Trends: The Case of Italy 1970-2000; E.S.Levrero & A.Stirati Unequal Fortunes, Unstable Households: Has Rising Inequality Contributed to Economic Troubles for Households in the USA?; H.Boushey & C.E.Weller The Effects of Economic Liberalization on Income Distribution: A Panel-data Analysis; G.Angeles-Castro Pensions and Distribution in an Aging Society: A Non-Conventional View; S.Cesaratto Do Profits Affect Investment and Employment? An Empirical Test Based on the Bhaduri-Marglin Model; ?.Onaran & E.Stockhammer Class Conflict and the Cambridge Theory of Income Distribution; T.I.Palley The Dynamics of Profit and Wage-led Expansion: A Note; A.Bhaduri IndexPHILIP ARESTIS Professor and University Director of Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, UKMICHELLE BADDELEY Deputy Director, Cambridge Centre for Economic and Public Policy, University of Cambridge, UKAMIT BHADURI Professor of Economics, University of Pavia, Italy, and Visiting Professor, Council for Social Development, IndiaHEATHER BOUSHEY Research Economist, Centre for Economic and Policy Research (CEPR), and Research Affiliate, National Poverty Centre, Gerald R. lÓ/