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What drives the four decades-long decline in labour’s share of income?

What drives the four decades-long decline in labour’s share of income?

Onaran, Özlem ORCID: 0000-0002-6345-9922 and Guschanski, Alexander ORCID: 0000-0002-7818-8264 (2018) What drives the four decades-long decline in labour’s share of income? [Working Paper]

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Abstract

Alexander Guschanski and Ozlem Onaran (2018) of the University of Greenwich Political Economy Research Centre provide evidence that changes in bargaining power, in particular the fall in union density and welfare state retrenchment, lie at the core of rising income inequality between labour and capital. The research challenges the established consensus that inequality is an unavoidable outcome of technological change or globalisation, and shows the importance of labour market institutions and social protection policies. The results of their recent project, funded by the Institute for New Economic Thinking, will be presented at the Royal Economics Society Annual Conference.

Item Type: Working Paper
Uncontrolled Keywords: wage share, income distribution, union density, technology, offshoring
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified: 16 Apr 2019 16:26
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/19372

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