ABSTRACT
This chapter investigates the relationship between wage-labor nexus (WLN), financialization and income distribution in Brazil. It develops a preliminary analysis of contemporary transformations of the Brazilian WLN under the impact of the finance-dominated accumulation regime currently in effect in that country. In financialized growth regimes, the rate of accumulation is the lowest. The chapter deals with the main stylized facts of recent economic developments such as the effects of financialization of the economy, just as Brazil is going through its demographic transition. It analyses the distributional impacts of the evolution of the wage share and its main macroeconomic determinants. As well as the productivity/wage relations and the process of formation of direct wages and indirect relationships depend on their institutional characteristics, the WLN is a key element in determining the functional distribution of income. The income distribution is then analyzed in its structural factors such as productivity and average real wages.
