Labour share developments over the past two decades: The role of public policies
Labour share developments over the past two decades have differed widely across OECD countries, with about half of them experiencing significant declines. This paper analyses the role of public policies in shaping labour share developments across countries. The results suggest that pro-competition p...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1541 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Labour share developments over the past two decades have differed widely across OECD countries, with about half of them experiencing significant declines. This paper analyses the role of public policies in shaping labour share developments across countries. The results suggest that pro-competition product market reforms raise the labour share by reducing producer rents. Labour market reforms that strengthen the bargaining position of workers, such as tightening employment protection or raising minimum wages, may raise wages in the short term but risk triggering the substitution of capital for labour in the medium term. On average, across countries, such reforms are estimated to reduce the labour share. By contrast, promoting the re-employment of workers who lose their jobs through active labour market policies unambiguously raises the labour share. |
| Beschreibung: | 1 Online-Ressource (31 p.) |
| DOI: | 10.1787/b21e518b-en |
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| spelling | Pak, Mathilde VerfasserIn aut Labour share developments over the past two decades The role of public policies Mathilde, Pak and Cyrille, Schwellnus Paris OECD Publishing 2019 1 Online-Ressource (31 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1541 Labour share developments over the past two decades have differed widely across OECD countries, with about half of them experiencing significant declines. This paper analyses the role of public policies in shaping labour share developments across countries. The results suggest that pro-competition product market reforms raise the labour share by reducing producer rents. Labour market reforms that strengthen the bargaining position of workers, such as tightening employment protection or raising minimum wages, may raise wages in the short term but risk triggering the substitution of capital for labour in the medium term. On average, across countries, such reforms are estimated to reduce the labour share. By contrast, promoting the re-employment of workers who lose their jobs through active labour market policies unambiguously raises the labour share. Economics Schwellnus, Cyrille MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/b21e518b-en Volltext |
| spellingShingle | Pak, Mathilde Labour share developments over the past two decades The role of public policies Economics |
| title | Labour share developments over the past two decades The role of public policies |
| title_auth | Labour share developments over the past two decades The role of public policies |
| title_exact_search | Labour share developments over the past two decades The role of public policies |
| title_full | Labour share developments over the past two decades The role of public policies Mathilde, Pak and Cyrille, Schwellnus |
| title_fullStr | Labour share developments over the past two decades The role of public policies Mathilde, Pak and Cyrille, Schwellnus |
| title_full_unstemmed | Labour share developments over the past two decades The role of public policies Mathilde, Pak and Cyrille, Schwellnus |
| title_short | Labour share developments over the past two decades |
| title_sort | labour share developments over the past two decades the role of public policies |
| title_sub | The role of public policies |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/b21e518b-en |
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