Browsing by Author "Dufour, Mathieu"
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Capitalism Crisis and Class: The United States Economy after the 2008 Financial Crisis
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Publisher and Date:(Sage Publications Inc, 2014)The literature on the outcomes of the financial crisis in low- and middle-income countries in the post-1980 era presents three broad findings: first the burden of crises falls disproportionately on labor in general and low-income segments of the society in particular. Wages and the labor share of income fall unemployment increases the power of labor declines and income inequality and poverty increase. Capital on the other hand recovers quickly and gains more ground. Second government policies favor ...
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Growth and Distribution After the 2007-2008 US Financial Crisis: Who Shouldered the Burden of the Crisis?
Authors:
Publisher and Date:(Edward Elgar Publishing Ltd, 2016)The post-1980 era witnessed an increase in the frequency and severity of financial crises around the globe the majority of which took place in low-and middle-income countries. Studies of the impacts of these crises have identified three broad sets of consequences. First the burden of crises falls disproportionately on labor in general and low-income segments of society in particular. In the years following financial crises wages and labor share of income fall the rate of unemployment increases the ...
