Rent Creation and Rent Sharing: New Measures and Impacts on Total Factor Productivity

Gilbert Cette, Jimmy Lopez () and Jacques Mairesse

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Abstract: This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross-country-industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low-skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivity. (JEL E22, E24, O30, L50, O43, O47, C23)

Keywords: product market regulations; labor market regulations; mark-up; rent-sharing; TFP (search for similar items in EconPapers)
Date: 2019-10
New Economics Papers: this item is included in nep-eff and nep-mac
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-02279411
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Citations: View citations in EconPapers (4)

Published in Economic Inquiry, 2019, 57 (4), pp.1915-1938. ⟨10.1111/ecin.12809⟩

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Related works:
Journal Article: RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY (2019)
Working Paper: Rent Creation and Sharing: New Measures and Impactson TFP (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02279411

DOI: 10.1111/ecin.12809

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