Exploitation: Theory and Empirics

Daniele Girardi, Nicolas Grau, Roberto Veneziani and Naoki Yoshihara

No 765, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour, derives an empirical exploitation index at the individual level, and estimates its distribution in the US in 1975-2022. We show that, among possible definitions of exploitation, only one satisfies a small set of formally weak and normatively salient axioms. From this definition, we derive an individual-level exploitation intensity index which provides a new measure of well-being and inequality, complementary to existing ones and able to jointly take into account the distributions of income and work time. In US data, exploitation intensity provides additional information compared with standard income inequality measures and predicts important well-being and political outcomes. Inequality in exploitation increased more than income inequality since 1975.

JEL-codes: D5 D63 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2025-05
New Economics Papers: this item is included in nep-hap, nep-his and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:765

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