This paper seeks to question neoliberal discourse, which views the employment/equal income and employment/redistribution tradeoff as an inevitable fact of economic life.
We shall put this discourse in perspective by outlining neo-institutional analyses of the broad range of capitalist models and listing a number of key empirical facts. Finally, we plan to examine the relevance of the employment/income equality and employment/redistribution dilemmas by drawing on a cointegration study between three variables (employment rate, primary income disparity index and welfare as a percentage of GDP) across the USA, Sweden and Germany.
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