labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …

levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share … began in the first half of the 1990s. They led to a rapid growth in total factor productivity and a deceleration in wages …

expected to have only small allocational consequences and that measures of base wages are more useful in drawing conclusions …

than median wages. We distinguish between "net decoupling" - the difference in growth of GDP per hour deflated by the GDP … hour deflated by the GDP deflator and median wages deflated by a measure of consumer price inflation. We would expect that …) the wedge between compensation (which includes employer-provided benefits like pensions and health insurance) and wages …

finds that decoupling has been overstated and cannot be used to justify redressing the balance between wages and profits … education distribution will boost productivity and real wages. …