Labour Market Institutions and the Personal Distribution of Income in the OECD

Daniele Checchi A · Cecilia García-peñalosa B

221 citations0/0 files storedEconomica

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Labor market dynamics and wage inequality Income, Poverty, and Inequality Economic Theory and Policy

Abstract

A large literature has studied the impact of labour market institutions on wage inequality, but their effect on income inequality has received little attention. This paper argues that personal income inequality depends on the wage differential, the labour share and the unemployment rate. Labour market institutions affect income inequality through these three channels, and their overall effect is theoretically ambiguous. We use a panel of OECD countries for the period 1960–2000 to examine these effects. We find that greater unionization and greater wage bargaining coordination have opposite effects on inequality, implying conflicting effects of greater union presence on income inequality.

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References

1970On the measurement of inequality 1992Changes in Relative Wages, 1963-1987: Supply and Demand Factors 1986Equilibrium Unemployment as a Worker Discipline Device 1973On Economic Inequality 1991The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 1982Labor Contracts as Partial Gift Exchange 1996A New Data Set Measuring Income Inequality 1996Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach

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