A Macroeconomic Analysis of the Effects of Gender Inequality, Wages, and Public Social Infrastructure: The Case of the UK

The ecological crisis and post-Keynesian economics – bridging the gap?

“…Regarding mitigation, post-Keynesians typically extend their faith in governments' ability to stabilize capitalism to their approach to climate change. A main focus is thus government investment, employment and redistribution (Onaran et al 2021). In general, public investment is seen as more effective in lowering emissions than just changing relative prices.…”

Breaking the Divide: Can Public Spending on Social Infrastructure Boost Female Employment in Italy?

“…A less investigated aspect of this nexus is the territorial dimension, which is crucial in countries with marked regional inequalities. To address this research gap, we bring together two strands of literature -the macroeconomic contributions analysing the employment impact of public spending on social infrastructure (Onaran et al, 2022;Onaran and Oyvat, 2023;Oyvat and Onaran, 2020) and those focusing on structural polarisation and core-periphery divides (Accetturo et al 2022;Celi et al 2018;Gräbner et al 2020) -to provide, to the best of our knowledge, the first empirical analysis at the regional level in Italy.…”

“…Our empirical analysis draws on the earlier works of Akitoby et al (2022) and Onaran and Oyvat (2023), extending their approaches to include a regional perspective by estimating a panel structural vector autoregressive (P-SVAR) model with regional fixed effects. Our findings reveal a positive and long-lasting impact of social expenditure on private investment, GDP and employment.…”

The Effect of Labor's Bargaining Power on Wealth Inequality in the UK, USA, And France

“…Secondly, the specific link between labor's bargaining and wealth inequality has not been properly explored. While some papers have analyzed the link between labor's bargaining power and aggregate wealth as a ratio to income (Naidu 2018), or included wealth distribution in macroeconomic models (Ederer and Rehm 2020;Onaran et al 2019;Palley 2012;Taylor et al 2015), a detailed theoretical and econometric analysis of how labor's bargaining power impacts wealth inequality is absent. Incorporating the effects of bargaining power into the analysis to wealth inequality is non-trivial, as labor's bargaining may impact the components of wealth inequality, that is, differential capital gains and savings rates, in different ways-amplifying or diminishing the effect on income inequality.…”