Financiarización, acumulación de capital y crecimiento salarial en la UE-15 (Financialization, capital accumulation and wage growth in the EU-15)

The aim of this paper is to analyze how the financialization process experienced by the European Union-15 (EU-15) economies since 1980, has changed the strategies of non-financial corporations, thereby altering the pattern of job creation and wage growth. To this end, we describe the link between fi...

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Bibliographic Details
Published in:Investigación económica 2011-04, Vol.70 (276), p.16
Main Authors: Peralta, Ignacio Álvarez, Escalonilla, Fernando Luengo
Format: Article
Language:English
Subjects:
Corporate growth
Economic models
Economic policy
Job creation
Studies
Wages & salaries
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Summary:The aim of this paper is to analyze how the financialization process experienced by the European Union-15 (EU-15) economies since 1980, has changed the strategies of non-financial corporations, thereby altering the pattern of job creation and wage growth. To this end, we describe the link between financialization and the changes occurred in the distribution of profits, investment decisions, corporate restructuring and corporate growth. We use a panel data model to test the impact of corporate strategies financialization on wage growth in the EU-15. [PUBLICATION ABSTRACT]
ISSN:0185-1667