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Privatization, Entry Regulation and the Decline of Labor's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Reenen, John Van - Centre for Economic Performance, LSE - 2007

Labor's share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...

Persistent link: https://www.econbiz.de/10005151023

Decoupling of Wage Growth and Productivity Growth? Myth and Reality

Pessoa, Joao Paulo; Reenen, John Van - Centre for Economic Performance, LSE - 2013

It is widely believed that in the US wage growth has fallen massively behind productivity growth. Recently, it has also been suggested that the UK is starting to follow the same path. Analysts point to the much faster growth of GDP per hour than median wages. We distinguish between "net...

Persistent link: https://www.econbiz.de/10010702081

The Volatility of Earnings: Evidence from High-Frequency Firm-Level Data

Georgiadis, Andreas; Manning, Alan - Centre for Economic Performance, LSE - 2014

The first contribution of this paper is to use UK monthly firm-level data to show that there is a large amount of transitory volatility in firm-level average earnings from month to month. We conclude that this cannot all be explained away as the consequence of measurement error, composition...

Persistent link: https://www.econbiz.de/10010820102

Wage Equations, Wage Curves and All That

Bell, B; Nickell, Stephen; Quintini, Glenda - Centre for Economic Performance, LSE - 2000

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …

Persistent link: https://www.econbiz.de/10005016983