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Wage and employment in a finance-led economy
[Salaire et emploi dans une économie financiarisée]

Author

Listed:
  • Célia Firmin

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

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.

Suggested Citation

  • Célia Firmin, 2006. "Wage and employment in a finance-led economy [Salaire et emploi dans une économie financiarisée]," Post-Print halshs-00113342, HAL.
    • Handle: RePEc:hal:journl:halshs-00113342
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00113342
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