2023-09-28 14:46:10 +00:00
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abstract: 'The global economic crisis has led to a sharp slowdown in growth and an
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even greater slowdown in employment creation. The resulting
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deterioration in the quality of employment has exacerbated the
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longer-term trend of rising inequality. Jobless growth has dampened
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output growth through a worsening income distribution. Wages are costs
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on the supply side but are also incomes on the demand side, so that
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profit-led growth and wage-led growth are complements, not substitutes.
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Thus, growth can create jobs, while added jobs can drive growth. More
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employment and better jobs can also mitigate rising inequality. If
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macroeconomic policies focus on fostering employment creation and
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supporting economic growth, rather than on price stability and balanced
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budgets, employment would revive growth and reduce inequality.'
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affiliation: 'Nayyar, D (Corresponding Author), Jawaharlal Nehru Univ, New Delhi 110067,
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India.
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Jawaharlal Nehru Univ, New Delhi 110067, India.'
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author: Nayyar, Deepak
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author-email: nayyar.deepak@gmail.com
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author_list:
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- family: Nayyar
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given: Deepak
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da: '2023-09-28'
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doi: 10.1111/j.1564-913X.2014.00208.x
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eissn: 1564-913X
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files: []
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issn: 0020-7780
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journal: INTERNATIONAL LABOUR REVIEW
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keywords: 'employment; decent work; economic recession; economic growth; poverty
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alleviation'
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language: English
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month: SEP
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number: '3'
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number-of-cited-references: '20'
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pages: 351-364
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papis_id: dab89287ea93b7cf120938e1d9895bc1
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ref: Nayyar2014whyemployment
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times-cited: '9'
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title: 'Why employment matters: Reviving growth and reducing inequality'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000344175700001
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usage-count-last-180-days: '0'
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usage-count-since-2013: '17'
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volume: '153'
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web-of-science-categories: Economics; Industrial Relations \& Labor
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year: '2014'
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