The Role of Labor Market Institutions on Wage and Inflation Dynamics: Empirical Evidence from OECD Economies

Macit, Fatih

doi:10.1016/s0313-5926(10)50003-1

Cited by 3 publications

(1 citation statement)

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“…As argued in Section 2, the use of pay incentive schemes which induces higher volatility which will impact the income distribution (Rodrik, ; Sjöberg, ). On this point, some recent contributions (Buch and Schotter, ; Macit, ) have shown that labour market institutions may reduce the volatility of real wage growth. Strong labour market regulation allows maintaining workers' wages and leads to smoother responses in real wages.…”

Section: Estimation Resultsmentioning

confidence: 99%

Do Interactions between Finance and Labour Market Institutions Affect the Income Distribution?

Darcillon

2015

Labour

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International audienceThis article analyses the linkages between financial development, labour market institutions and market income inequality for 18 Organisation for Economic Co-operation and Development countries over the 1980 to 2012 period. With the help of a dynamic panel data model with an interacted term, one crucial contribution of this article is to analyse the interacted impact of labour market institutions (i.e. union density and employment protection legislation) on the one hand and financial development on the other hand on the income distribution. Our results indicate that changes in the financial/credit and labour market regulation affect the income distribution. Estimates of the marginal effects show that by increasing labour market regulation one also weakens the impact of the flexibilization in the financial/credit market on the increase in income inequality

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Section: Estimation Resultsmentioning

confidence: 99%