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4/2023 vol. 53
Statystyki
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Pobierz cytowanie
Labour incomes and economic activity in Poland
Adam Koronowski 1
 
 
 
Więcej
Ukryj
1
Institute of Economics and Finance Cardinal Stefan Wyszyński University in Warsaw
 
 
Data nadesłania: 25-04-2023
 
 
Data ostatniej rewizji: 20-11-2023
 
 
Data akceptacji: 20-11-2023
 
 
Data publikacji: 30-12-2023
 
 
Autor do korespondencji
Adam Koronowski   

Institute of Economics and Finance Cardinal Stefan Wyszyński University in Warsaw
 
 
JoMS 2023;53(4):206-221
DOI: https://doi.org/10.13166/jms/175512
 
 
Artykuł (PDF)
Referencje (36)
 
SŁOWA KLUCZOWE
economic growth
economic activity
income distribution
underconsumption
labour incomes
 
DZIEDZINY
Ekonomia
 
STRESZCZENIE
Objectives:
The purpose of the paper is to examine the impact of labour incomes on economic activity and growth in Poland.

Material and methods:
The thesis of the paper is rooted in the hypothesis of underconsumption and it claims that a proportion of labour incomes to the domestic product exerts an influence on the structure and the value of the aggregate demand and thus it eventually has an effect on economic activity. Empirical analysis provided refers to macroeconomic data for the period 2010-2019.

Results:
The results support the thesis; relatively low growth of labour incomes is followed by low rates of economic growth and investment and higher rates of unemployment.

Conclusions:
The analysis of changes in real production per employee, real wages, the rate of unemployment, the rate of GDP growth and changes in households’ consumption spending strongly support the claim that low wages at least periodically stand behind a demand constraint in the Polish economy and that they impair economic results.

 
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