Construct · 1 fields · 1 citations

wage-led and profit-led demand regimes: a standalone construct

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Post-Keynesian economics

a model in which a higher wage share can either raise or lower aggregate demand, depending on the balance between consumption and investment responses.

In post-keynesian economics, wage-led and profit-led demand regimes refers to a model in which a higher wage share can either raise or lower aggregate demand, depending on the balance between consumption and investment responses. This meaning comes from Bhaduri (1990) in Cambridge Journal of Economics.[1]

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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs balance4 fields · 5 citationsjingle · one word, four constructs consumption3 fields · 5 citationsjingle · one word, three constructs

References

Bhaduri, A., & Marglin, S. (1990). Unemployment and the real wage: the economic basis for contesting political ideologies. Cambridge Journal of Economics, 14(4), 375-393. https://doi.org/10.1093/oxfordjournals.cje.a035141

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