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| Author | : Ellen Marie Rossvoll |
| Publisher | : |
| Total Pages | : |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
| Author | : Janine Berg |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 430 |
| Release | : 2015-01-30 |
| Genre | : Business & Economics |
| ISBN | : 1784712108 |
Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti
| Author | : Ms.Florence Jaumotte |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2015-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1513526901 |
The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.
| Author | : Francine D. Blau |
| Publisher | : A E I Press |
| Total Pages | : 56 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : |
Compares trends in wage inequalities in the USA and nine other industrialized countries in the middle to late 1980s. Concludes that wages are more unequal in the USA than they are in other advanced economies.
| Author | : Mr.Patrick Van Houdt |
| Publisher | : International Monetary Fund |
| Total Pages | : 27 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451841868 |
Income distribution may be related to fundamentals affecting economic growth and to labor market policies. Noting that inequality is affected by unemployment. This paper presents a model in which labor market policies affect unemployment which in turn affects inequality. The model also includes the effects of changes in per capita income on inequality through the accumulation of physical capital and technological know–how. When a resulting reduced–form relationship is estimated, its explanatory power is surprisingly high: on average, it explains about three quarters of the variation in inequality measures for the OECD countries, and Granger Causality tests confirm the model’s predictions.
| Author | : Winfried Koeniger |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 2004 |
| Genre | : |
| ISBN | : |
| Author | : Claudio Lucifora |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2003 |
| Genre | : |
| ISBN | : |
In this study, we investigate the role that some institutional features play in shaping the distribution of wages across a number of OECD countries. While considerable attention has been devoted in recent years to the evolution of earnings inequality and to the analysis of the competing explanations for the observed phenomena, also the existence (and persistence) of considerable structural differences--across countries--in the level of wage inequality and the incidence of low pay can shed some light on a different dimension of inequality patterns. In particular, we focus on three specific features: the effects of trade unions, the structure of collective bargaining and the existence of regulations on wages. By looking at the different moments of the distribution of earnings various dimensions of low pay have been analyzed, namely the effects of the institutional setting on the mean, the dispersion and the (time) covariance of earnings. Consistent with previous work, our results suggest that institutions are a relevant factor in shaping the distribution of earnings and the incidence of low pay. We show that institutional settings differ substantially across countries and that institutional variety in the labor market is able to explain a great deal of the observed patterns in low pay across countries.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 186 |
| Release | : 2021-12-09 |
| Genre | : |
| ISBN | : 9264900225 |
Even though firms play a key role in shaping wages, wage inequality and the gender wage gap, firms have so far only featured to a limited extent in the policy debates around these issues. The evidence in this volume shows that around one third of overall wage inequality can be explained by gaps in pay between firms rather than differences in the level and returns to workers’ skills.
| Author | : J. Hellier |
| Publisher | : Springer |
| Total Pages | : 347 |
| Release | : 2012-11-13 |
| Genre | : Business & Economics |
| ISBN | : 1137283300 |
This book explores the widening gap between the wage packets of skilled and unskilled workers that has become a pressing issue for all states in the globalized world economy. Comparing the experiences of more and less developed economies, chapters analyse the underlying causes and key social changes that accompany income inequality.
| Author | : Daniele Checchi |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
A large literature has studied the impact of labour market institutions on wage inequality, but their effect on income inequality has received little attention. This paper argues that personal income inequality depends on the wage differential, the labour share and the unemployment rate. Labour market institutions affect income inequality through these three channels, and their overall effect is theoretically ambiguous. We use a panel of OECD countries for the period 1960-2000 to examine these effects. We find that greater unionization and greater wage bargaining coordination have opposite effects on inequality, implying conflicting effects of greater union presence on income inequality.
