Economics, Econometrics and Finance
5 years ago

Decline in Wages Driven by Disconnect Between Productivity and Pay.

Labour
Firm heterogeneity and the aggregate labour share
Matteo Richiardi, Luis Valenzuela

Paper Summary

Related papers

Business, Management and Accounting
8 years ago

Revolutionize Your Business: 12 Steps to Maximize Employee Productivity!

Supply Chain Knowledge
2 views
Theme background image
Engineering
3 years ago

Construction Productivity Boost Promises Affordable Housing for Millions

Information Modeling
2 views
Theme background image
Health Professions
8 years ago

Investing in support staff boosts consultant productivity, transforming healthcare delivery

Healthcare Policy
Health Economics
Healthcare Workforce

The decline in the share of income going to workers in UK manufacturing from 1998 to 2014 was mainly due to the decrease in the labor share of the average firm, not increasing disparities between firms. This was caused by a growing gap between productivity and wages. Changes in how different firms perform had a small effect on this trend.