2023-09-28 14:46:10 +00:00
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abstract: 'Since the beginning of the 1980s, reforms of the labour market have been
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at the centre of political and economic debate in the European Union.
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While these reforms were implemented mainly with the aim of improving
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employment performance by removing structural issues, they may also have
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had non-secondary and non-negligible effects on the share of national
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income received by workers. The aim of this paper is to study the
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effects of the changes in the labour market regulation index (LMRI) on
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the wage share in twelve Eurozone countries between 2000 and 2019. The
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empirical results - obtained from the estimation of an error correction
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model (ECM) - show that: (i) an inverse relation exists between LMRI as
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a whole and adjusted wage share in the short run only; (ii) the
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reduction of the adjusted wage share depends mainly on two specific
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measures of flexibility: a more decentralized level of bargaining (the
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effects of which are significant in both long- and short-run periods)
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and a relaxation of the hiring and firing regulations (the effects of
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which are significant only in the short run); (iii) the economic growth
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and unemployment rate also contribute to the decline of the adjusted
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wage share.'
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affiliation: 'Liotti, G (Corresponding Author), Univ Messina, Messina, Italy.
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Liotti, Giorgio; Millemaci, Emanuele, Univ Messina, Messina, Italy.
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Salvati, Luigi, Univ Roma Tre, Rome, Italy.'
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author: Liotti, Giorgio and Millemaci, Emanuele and Salvati, Luigi
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author-email: giorgio.liotti@unime.it
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author_list:
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- family: Liotti
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given: Giorgio
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- family: Millemaci
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given: Emanuele
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- family: Salvati
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given: Luigi
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da: '2023-09-28'
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doi: 10.1080/09538259.2023.2165391
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earlyaccessdate: JAN 2023
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eissn: 1465-3982
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files: []
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issn: 0953-8259
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journal: REVIEW OF POLITICAL ECONOMY
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keywords: Labour market policies; wage share; Eurozone countries; panel data
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keywords-plus: 'FUNCTIONAL INCOME-DISTRIBUTION; LABOR-MARKET FLEXIBILITY; UNEMPLOYMENT
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BENEFITS; AGGREGATE DEMAND; GROWTH; OECD; INEQUALITY; FINANCIALISATION;
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INSTITUTIONS; INSTABILITY'
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language: English
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month: 2023 JAN 31
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number-of-cited-references: '99'
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orcid-numbers: 'Millemaci, Emanuele/0000-0002-9095-7513
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Salvati, Luigi/0000-0002-1196-6017'
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papis_id: 807d0b19e725d93863a791ea13417d57
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ref: Liotti2023doflexibility
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times-cited: '0'
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title: Do Flexibility Measures Affect the Wage Share? An Empirical Analysis of Selected
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European Countries
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000919443900001
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usage-count-last-180-days: '0'
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usage-count-since-2013: '0'
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web-of-science-categories: Economics
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year: '2023'
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