Workshop mit Engelbert Stockhammers: Rising Inequality, Falling Wage Shares. Causes and Effects, 15.11.2019, Wien

Forscher*innengruppe „Figurationen der Ungleichheit“ (Web)
Zeit: Fr., 15.11.2019, 16.00 c.t.-18.30 Uhr
Ort: Seminarraum des Instituts für Wirtschafts- und Sozialgeschichte, Universität Wien, Universitätsring 1, Stiege 6
Programm

  • Vortrag: Engelbert Stockhammers (King’s College London)
  • Kommentare von Clemens Jobst, Markus Lampe und Gabriele Michalitsch

Since the mid 1970s wage shares have fallen and personal income inequality has risen in advanced economies. The lecture will, first, survey competing theoretical arguments to explaining rising inequality.
Mainstream economics skill-biased technological change whereas political economy approaches highlights that welfare state retrenchment, globalisation and financialisation have shifted the power balance in favour of capital and top income earners. Second, we present empirical evidence for the determinants of changes in wage shares and, third, for top incomes. Forth, the lecture analyses the effects of rising inequality using the concept of demand regimes. It argues that rising inequality has had negative effects on economic growth and proposes an analysis of neoliberalism as a unstable debt-driven or export-driven growth models within a wage-led demand regime.
Für die Mitglieder der Forscher*innengruppe „Figurationen der Ungleichheit“ (Web): Gabriella Hauch, Margareth Lanzinger, Juliane Schiel und Brigitta Schmidt-Lauber