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December 5, 2010 | History

Labour market institutions and the personal distribution of income in the OECD 1 edition

Labour market institutions and the personal distribution of income in ...
Daniele Checchi

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Labour market institutions and the personal distribution of income in the OECD
by Daniele Checchi, Cecilia Garca̕-Peąlosa.

Published 2005 by IZA in Bonn, Germany .
Written in English.

About the Book

"We examine what determines differences across countries and over time in the distribution of personal incomes in the OECD. We first model the wage determination process and show that unemployment, the labour share, and the wage differential are all functions of labour market institutions. Next we show that in a model economy with only four types of agents -- capitalists, skilled and unskilled workers, and unemployed -- the Gini coefficient of personal incomes can be expressed as a function of the above three variables. Labour market institutions hence affect income inequality, though the sign of their impact is ambiguous. Stronger unions and/or a more generous unemployment benefit tend to reduce inequality through reduced wage differentials, a higher labour share, and also higher unemployment. We then use a panel of OECD countries for the period 1970-96 to examine these effects. We find, first, that the labour share remains an important aspect of overall inequality patterns, and, second, that stronger unions and a more generous unemployment benefit tend to reduce income inequality. High capital-labour ratios also emerge as a strong equalising factor, which has in part offset the impact of increasing wage inequality on the US distribution of personal incomes"--Forschungsinstitut zur Zukunft der Arbeit web site.

Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 8/9/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Series
Discussion paper ;, no. 1681, Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;, no. 1681

Classifications

Library of Congress
HD5701

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3478518M
LC Control Number
2005618560

History Created December 9, 2009 · 2 revisions Download catalog record: RDF / JSON

December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 9, 2009 Created by WorkBot add works page