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La modération salariale : le point de vue (néo-)kaleckien

Abstract : WAGE RESTRAINT: THE (NEO-)KALECKIANS' POINT OF VIEW
Wage restraint policies are generally perceived as a good way to support growth and employment. This idea is criticises by recent versions of the (neo-)kaleckian model which are built on three core assumptions: price setting relies on a mark-up rule; the propensity to save out of profits exceeds the propensity to save out of wages; investment depends on the current rate of profit. We present and discuss this model in its canonical form. Then we take into account some important developments: endogenous rate of mark-up in a wage bargaining frame, technical progress and open economy.
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https://halshs.archives-ouvertes.fr/halshs-00356803
Contributor : Olivier Allain <>
Submitted on : Wednesday, January 28, 2009 - 4:46:16 PM
Last modification on : Friday, March 27, 2020 - 2:38:29 AM

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  • HAL Id : halshs-00356803, version 1

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Olivier Allain. La modération salariale : le point de vue (néo-)kaleckien. Revue Economique, Presses de Sciences Po, 2009, 60 (1), pp.81-108. ⟨halshs-00356803⟩

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