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Unlocking Europe’s Piggy Bank Corporate Saving, Labor Power and Policies for Investment. Bertelsmann Stiftung Policy Paper 13 December 2019

Abstract

European companies invest too little. Instead, firms increasingly retain profits and build up large savings which contributes to low growth, rising inequality and financial instability. Boosting private investment, therefore, has become main priority for the new Commission. Based on new empirical evidence this policy paper proposes a novel strategy to achieve this goal: strengthening the bargaining position of labor

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