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Wage Share as a Factor of Income Inequality in the Context of the Structure of National Economy
Copyright policy )Wage Share as a Factor of Income Inequality in the Context of the Structure of National Economy
Abstract This paper focuses on the quantitative examination of the wage share in the countries of the EU from 2008 to 2012, applying a division of national economy by three main sectors. The aim of the paper is to investigate the effect of employment structure and its changes, and the changes of the wage share inside the sectors on the aggregate wage share and its alterations during a short-term period. The conducted research showed that the levels of the weighted wage share, corresponding to the employment structure, were: the lowest – in agriculture, the highest – in the service sector. Furthermore, the shift of the aggregate wage share was mostly affected by the decline in the primary and secondary sectors, which was generally based on the decrease of employed people. The results also displayed that in several countries the wage shares declined because of the reduction of the wages and salaries rather than value-added.
- Riga Technical University Latvia
Microsoft Academic Graph classification: Labour economics Wages and salaries media_common.quotation_subject Wage Context (language use) Economic inequality Efficiency wage Economics Wage share Tertiary sector of the economy media_common business.industry Agriculture business
national economy, Energy Engineering and Power Technology, labour, structure, sectors, General Engineering, wage share, income, employment
national economy, Energy Engineering and Power Technology, labour, structure, sectors, General Engineering, wage share, income, employment
Microsoft Academic Graph classification: Labour economics Wages and salaries media_common.quotation_subject Wage Context (language use) Economic inequality Efficiency wage Economics Wage share Tertiary sector of the economy media_common business.industry Agriculture business
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Arpaia, A., Perez, E., Pichelmann, K. (2009). Understanding labor income share dynamics in Europe. (Economic paper No. 379) Brussels, B: European Commission, Directorate-General for Economic and Financial Affairs. doi: 10.2765/37596 [OpenAIRE]
Daudey, E., Garcia-Penalosa, C. (2007). The personal and the factor distributions of income in a cross-section of countries. Journal of Development Studies, 43(5), pp. 812-829
Eurostat. (2014). Employment in technology and knowledge-intensive sectors at the national level, by sex [htec_emp_nat2]. [Data file] - Retrieved from - http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=htec_emp_nat2&lang=en
Eurostat. (2015a). Gini coefficient of equivalised disposable income [ilc_di12]. [Data file] - Retrieved from - http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=ilc_di12
Eurostat. (2015b). Gross value added (at basic prices) & Gross wages and salaries [nama_nace10_c]. [Data file] - Retrieved from - http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=nama_nace10_c&lang=en
Giovannoni, O. (2014). What do we know about the labor share and the profit share? Part III: Measures and structural factors. (Working paper No. 805) New York, NY: The Levy Economics Institute of Bard College. Retrived from http://www.levyinstitute.org/pubs/wp_805.pdf
Gollin, D. (2002). Getting income shares right. Journal of Political Economy, 110(2), pp. 458-74
Guerriero, M. (2012). The labour share of income around the world. Evidence from a panel dataset. (Working paper No. 32). Manchester, NH: University of Manchester, Institute for Development Policy and Management. Retrieved from http://www.seed.manchester.ac.uk/medialibrary/IDPM/working_papers/depp/depp_wp32.pdf
Krueger, A. B. (1999). Measuring labor share. The American Economic Review, 89(2), pp. 45-51
Lawless, M., Whelan, K. (2007). Understanding the dynamics of labor shares and inflation. (Working paper No. 784). Frankfurt am Main, HE: European Central Bank. Retrived from https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp784.pdf
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citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).2 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).2 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!- Riga Technical University Latvia
Abstract This paper focuses on the quantitative examination of the wage share in the countries of the EU from 2008 to 2012, applying a division of national economy by three main sectors. The aim of the paper is to investigate the effect of employment structure and its changes, and the changes of the wage share inside the sectors on the aggregate wage share and its alterations during a short-term period. The conducted research showed that the levels of the weighted wage share, corresponding to the employment structure, were: the lowest – in agriculture, the highest – in the service sector. Furthermore, the shift of the aggregate wage share was mostly affected by the decline in the primary and secondary sectors, which was generally based on the decrease of employed people. The results also displayed that in several countries the wage shares declined because of the reduction of the wages and salaries rather than value-added.