Distribution of the Economic Gains of the 1990s

Parham, Dean; Barnes, Paula; Roberts, P O; Kennett, Sharon

doi:10.2139/ssrn.270775

Cited by 9 publications

(8 citation statements)

References 21 publications

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“…There has been some limited analysis of the causes of the decrease in labour's share of income in the 2000s. A decrease in the labour share implies that the rate of growth in labour productivity exceeded the rate of growth in hourly earnings (see Parham et al ., , p. 40). A major explanation for this situation was a shift in the composition of economic activity in the 2000s towards industries which are capital‐intensive, primarily mining.…”

Section: The Impact Of the Labour Market On The Distribution Of Incomementioning

confidence: 95%

Labour Market Inequality in Australia

Borland

Coelli

2016

Economic Record

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This article reviews developments in labour market inequality in Australia. First, descriptive information on changes in labour market inequality and on the causes of those changes is integrated with a summary of findings from recent research. Second, the effect of changes in labour market inequality on income inequality is evaluated. Third, evidence on differences in earnings and employment outcomes between specific groups – by gender, Indigenous status and country of birth – is considered. Finally, some suggestions for future research are presented.

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Section: The Impact Of the Labour Market On The Distribution Of Incomementioning

confidence: 95%

Labour Market Inequality in Australia

Borland

Coelli

2016

Economic Record

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“…An approximation to the Lerner Index, calculated as the average mark‐up of prices above costs, can be used to measure the extent of industry profitability and competition 9 . Through the 1990s, the Lerner Index changed little, as the benefits of faster productivity growth were received largely by consumers through lower prices (Parham et al 2000). The current decade has been different.…”

Section: Explaining the End Of The 1990s Surgementioning

confidence: 99%

What Happened to Australia's Productivity Surge?

Dolman¹

2009

Australian Economic Review

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"Australia's productivity has grown 1 percentage point per year slower in the current decade than in the 1990s. This article shows that almost one-half of the slowdown is related to unusual developments in the mining industry, the effects of drought and the overstatement of productivity growth in the 1990s. Part of the remainder might be as a result of a combination of slower technological change, unmeasured declines in labour quality, the diminishing effects of past reforms and the increasing profitability of Australian firms." Copyright (c)2009 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

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“…Doing so introduces an explicit link to productivity growth and its distribution through rates of payment to factors of production. Formally, as shown in Parham et al (2000) growth in the labour income share is equal to:…”

Section: Wage and Profit Ratesmentioning

confidence: 99%

“…Because the growth in real wages matched the strong labour productivity growth, there was no substantial movement in the labour income share. The actual growth rates are shown in Table 1 (as reported in Parham et al (2000), there was zero growth in the factor income shares from 1990-91 to 1998-99).…”

Section: Wage and Profit Ratesmentioning

confidence: 99%