Neutralizing tendency of wages to grow below productivity rate
By: SALAMA, Pierre
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ArticlePublisher: São Paulo : Editora 34, abr./jun. 2012Subject(s): Distribuição de Renda | Salário | Macroeconomia | Política EconômicaRevista de Economia Política = Brazilian Journal of Political Economy 32, 2, p. 171-187Abstract: The apparent stability on relative shares in revenue during the 2000s, or even the increase in wages share in Latin-American countries, seems to be a "surprise" in Kaldor's opinion, or even a "mystery" for Schumpeter, or well finally "a reproach to economic theory" according to Robinson. Various theories trying to explain sharing of value added insist on investment relative size, saving importance, different types of technical progress (biased o not), amount of idle capacity , cost structure, intermediate products importance, higher markup rates searching by entrepreneurs and, consecutively, on distributive conflict. We will analyze main macroeconomic models - those of Kaldor, Robinson and Kalecki - in order to overtake that "reproach to economic theory".
The apparent stability on relative shares in revenue during the 2000s, or even the increase in wages share in Latin-American countries, seems to be a "surprise" in Kaldor's opinion, or even a "mystery" for Schumpeter, or well finally "a reproach to economic theory" according to Robinson. Various theories trying to explain sharing of value added insist on investment relative size, saving importance, different types of technical progress (biased o not), amount of idle capacity , cost structure, intermediate products importance, higher markup rates searching by entrepreneurs and, consecutively, on distributive conflict. We will analyze main macroeconomic models - those of Kaldor, Robinson and Kalecki - in order to overtake that "reproach to economic theory".
v. 32, n. 2(127)
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