Abstract

ALVAREZ PERALTA, Ignacio. Financiarización económica y relación salarial en las economías desarrolladas. Prob. Des [online]. 2008, vol.39, n.155, pp.77-100. ISSN 0301-7036.

This study reviews the debate and the present controversy over the links relating the economic financialization process with the wage relation. Our intention is to identify and evaluate the weaknesses and omissions in this debate, and to stress that the contributions and relevant elements can be taken to contribute towards the clarification of these links. We identify as direct spokesmen those authors and schools who locate the epicenter of their objective of study in the firm. Concretely, we critically review the positions of the post-Keynesians, "regulationists", Marxists, "institutionalists", and other writers in the field of the economics of the firm. This critical review of the literature also incorporates an interpretative proposal and an empirical comparison from specific cases in the U.S. and French economies, to provide a better basis for our conclusions.

Keywords : financialization; wage relation; shareholders' earnings; rate of benefits and accumulation.