Privatization and the Decline of Labour's Share
International Evidence from Network Industries
Bibliographic Data
| ID | 9723970 |
|---|---|
| Authors | Ghazala Azmat (0000-0001-9450-6958, Universitat Pompeu Fabra and Barcelona GSE), Alan Manning (0000-0002-7884-3580, London School of Economics and Centre for Economic Performance), John Van Reenen (0000-0001-9153-2907, London School of Economics and Centre for Economic Performance, NBER and CEPR) |
| Year | 2012 |
| Volume | 79 |
| Issue | 315 |
| Pages | 470-492 |
| Publication date | 2012-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2011.00906.x |
| OpenAlex | W2120377240 |
| Language | EN |
| Citations received | 26 |
| References cited | 28 |
Some authors have suggested that deregulation of product and labour markets is responsible for the decline in Labour's share of GDP. A simple model predicts that privatization is associated with a lower labour share, due to job shedding. We test this hypothesis by focusing on privatization of network industries in the OECD. We find that, on average, privatization accounts for a fifth of the fall of Labour's share, and over half in Britain and France. This is due to lower employment, but it is partially offset by higher wages and falling barriers to entry, which dampen profit margins
Deregulation · Economics · Efficiency wage · Falling (accident) · Labour economics · Market economy · Profit (economics) · Profit margin · Wage · Wage share · Corporate Finance and Governance · Economic Policies and Impacts · European Monetary and Fiscal Policies
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The Response of State‐owned Enterprises to Import Competition
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Democracy, Labor’s Share of Income, and Labor Supply
Generative Artificial Intelligence and Functional Income Distribution in the USA
Mudança estrutural, preços relativos e distribuição funcional da renda
Recasting the Iron Rice Bowl
Inequality and growth in the twenty‐first century
In den 2000er Jahren ist alles anders? Die abnehmende Bedeutung des sektoralen Strukturwandels für den Rückgang der Lohnquote in Deutschland
Religious and ethnic identities influence on public views of privatization
Capital Heterogeneity and the Decline of the Labour Share
The Evolution of India's Industrial Labour Share and its Correlates
Dividing the Pie
Trade Unions in Western Europe since 1945
Regulation, productivity and growth
Labor- and Capital-Augmenting Technical Change
Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
The Dynamics of Productivity in the Telecommunications Equipment Industry
The personal and the factor distributions of income in a cross-section of countries
The Privatization Decision
Labor Rent Sharing and Regulation
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Business Behavior, Value and Growth
The Public Pay Gap in Britain
| Unique citing works | 26 |
|---|---|
| Citations per year | 2 |
| Citation span | 2013 - 2026 (14) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 25 |