The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
The evolution of the labour income share involves issues of equity, economic efficiency as well as macroeconomic stability as it has, for example, an impact on personal income distribution and social cohesion, the direction of the adjustment in wages and employment, and the composition of aggregate demand. This chapter illustrates how the labour income share in the EU started to decline around the second half of the 1970s and fell towards levels that are below those that were attained in the 1960s. In addition, the chapter also shows that the share of the lowskilled workers in the total wage bill fell gradually while the share of the high-skilled workers rose steadily.
This chapter illustrates how the labour income share in the EU started to decline around the second half of the 1970s and fell towards levels that are below those that were attained in the 1960s. In addition, the chapter also shows that the share of the lowskilled workers in the total wage bill fell gradually while the share of the high-skilled workers rose steadily.
I didn't have time to read it all, but I want to highlight one thing: not only the share of labour in the GDP has been declining, but within the share of labour, inequalities are rising.
Secondly, there was also an important change in the composition of the wage bill, with the share of the low-skilled showing a marked decline and the share of the high-skilled workers displaying a steady rise.
by Frank Schnittger - Sep 1 6 comments
by Frank Schnittger - Sep 3 19 comments
by Oui - Sep 6 3 comments
by gmoke - Aug 25 1 comment
by Frank Schnittger - Aug 21 1 comment
by Frank Schnittger - Aug 22 56 comments
by Oui - Aug 18 8 comments
by Oui - Sep 9
by Oui - Sep 8
by Oui - Sep 81 comment
by Oui - Sep 7
by Oui - Sep 63 comments
by Oui - Sep 54 comments
by gmoke - Sep 5
by Oui - Sep 41 comment
by Oui - Sep 47 comments
by Frank Schnittger - Sep 319 comments
by Oui - Sep 211 comments
by Frank Schnittger - Sep 16 comments
by Oui - Sep 114 comments
by Oui - Sep 186 comments
by Oui - Sep 11 comment
by gmoke - Aug 29
by Oui - Aug 2818 comments
by Oui - Aug 271 comment
by Oui - Aug 262 comments