Gal Rakover

Gal Rakover BEd, MSc

PhD Researcher

My PhD research examines the role of financial income in determining consumption and macroeconomic dynamics. It combines an empirical account of the long-run evolution of financial income and asset ownership in the United States, econometric estimation of the marginal propensity to consume out of financial as against labour income, and an agent-based stock-flow consistent model of a financialised economy. My supervisors are Dr Alexander Guschanski, Professor Alberto Botta and Professor Özlem Onaran.

I am also a research fellow at Forum Arlozorov, a research institute founded by the Histadrut – the General Federation of Labour in Israel, where I conducted a study estimating the country's growth regime. The report is forthcoming.

Before my postgraduate studies, I worked as an educator in Israel. I hold an MSc in Economics from the University of Greenwich and a BEd in Education and History from Beit Berl College.

Responsibilities within the university

I am a PhD candidate in Economics. I have worked as a research assistant within the Faculty of Business at the University of Greenwich.

Recognition

Research Fellow, Forum Arlozorov, 2024–present (research institute of the Histadrut – the General Federation of Labour in Israel)

Research / Scholarly interests
  • Agent-based and stock-flow consistent macroeconomic modelling
  • Financialisation and the distribution of financial income
  • Household consumption and marginal propensities to consume
  • Growth regimes and demand-led growth
  • Inequality and macroeconomic performance

Key funded projects

Is Aggregate Demand in Israel Wage-Led or Profit-Led? (working title)

Funder: Forum Arlozorov, with support from PEGFA, University of Greenwich

Role: Lead researcher, 2024–present

Presentations
  • 'Not all income is spent alike: the consumption propensity of financial vs. labour income', Post Keynesian Economics Society (PKES) and International Initiative for Promoting Political Economy (IIPPE) PhD Student Conference, University of Hertfordshire, 2026
  • 'Not all income is spent alike: the consumption propensity of financial vs. labour income', Forum for Macroeconomics and Macroeconomic Policies (FMM) Conference, Berlin, 2024
  • 'The disappearance of the middle-income rentier: the evolution of households' financial income in the US', PKES PhD Conference, London, 2024