Theoretical approach to investment-wage

Abstract

Since the early fifties the investment-wage has been discussed in Germany as an instrument of incomes policies. After World War I I the shift in the distribution of income and the accumulation of wealth in favour of the profit-earners, and the relatively unsuccessful nominal wages policy aimed at a more equitable distribution of incomes, were the impetus for this discussion. In the political area the proposals of an investment-wage were mainly propagated by Erwin Haussler, a member of the Bundestag, while the theoretical foundations were developed by Oswald von Nell-Breuning, Helmut Meinhold, Alois Oberhauser and Wilfrid Schreiber.