Social Sciences
a year ago

Stronger workers bargaining power leads to lower labor share in transition economies.

arXiv (Cornell University)
Bargain your share: The role of workers bargaining power for labor share, with reference to transition economies
Marjan Petreski, Stefan Tanevski

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Workers' bargaining power affects labor share differently in transition economies compared to other countries. Stronger bargaining power usually leads to higher labor share, but in transition economies, it can actually result in lower labor share. This is because factors like multinational corporations, automation, and changes in market structure play a role in delaying the positive impact of workers' bargaining power on labor share.