Wage-Led Growth: An Equitable Strategy for Economic Recovery

Foreword; Sangheon Lee Introduction; Marc Lavoie and Engelbert Stockhammer 1. Wage-led Growth: Concept, Theories and Policies; Marc Lavoie and Engelbert Stockhammer 2. Why have Wage Shares Fallen? An Analysis of the Determinants of Functional Income Distribution; Engelbert Stockhammer 3. Is Aggregate Demand Wage-led or Profit-led? A Global Model; Özlem Onaran and Giorgos Galanis 4. Wage-led or Profit-led Supply: Wages, Productivity and Investment; Servaas Storm and C.W.M. Naastepad 5. The Role of Income Inequality as a Cause of the Great Recession and Global Imbalances; Simon Sturn and Till van Treeck 6. Financialisation, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-led Recovery; Eckhard Hein and Matthias Mundt