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[email protected] International Labour Office, Income inequality as a cause of Conditions of Work and Employment Branch the Great Recession? 4, route des Morillons CH-1211 Geneva 22 A survey of current debates Switzerland www.ilo.org/travail Till van Treeck Simon Sturn CONDITIONS OF WORK AND EMPLOYMENT SERIES No. 39 TRAVAIL ISSN 2226-8944 Conditions of Work and Employment Series No. 39 Conditions of Work and Employment Branch Income inequality as a cause of the Great Recession? A survey of current debates* Till van Treeck Simon Sturn * Address for correspondence: Till van Treeck, Macroeconomic Policy Institute (IMK), Hans-Böckler-Straße 39, 40476 Düsseldorf, Germany. E-mail:
[email protected]. We thank Gerald Friedman, Eckhard Hein, Michael Kumhof, Ansgar Rannenberg, Engelbert Stockhammer, Thomas Theobald, Achim Truger for valuable comments and discussions, and Nina Dodig, Benjamin Neuhaus, Katharina Sass, Jan Siebert, Rory Tews, Lukas Tockner for helpful research assistance. We also thank Marcos Chamon for generously sharing his data. All remaining errors are ours. INTERNATIONAL LABOUR OFFICE – GENEVA Copyright © International Labour Organization 2012 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to the Publications Bureau (Rights and Permissions), International Labour Office, CH-1211 Geneva 22, Switzerland. The International Labour Office welcomes such applications.