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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; Van Reenen, John - London School of Economics (LSE) - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …

Persistent link: https://www.econbiz.de/10010746486

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

Azmat, Ghazala; Manning, Alan; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labour …

Persistent link: https://www.econbiz.de/10005114490

Changes in wage inequality

Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2007

We examine trends in wage inequality in the US and other countries over the past four decades. We show that there has been a secular increase in the 90-50 wage differential in the US and the UK since the late 1970s. By contrast the 50-10 differential rose mainly in the 1980s and flattened or...

Persistent link: https://www.econbiz.de/10010746032