Functional Income Distribution in European Transition Countries

Ana Rincon-Aznar, Michela Vecchi and Francesco Venturini ()

Chapter 3 in Inequalities During and After Transition in Central and Eastern Europe, 2015, pp 59-92 from Palgrave Macmillan

Abstract: Abstract The labour share, the proportion of income that is distributed to workers, has been decreasing in most OECD countries since the mid-1980s, a phenomenon that has attracted much interest among economists and policy makers because of its implications for growth and welfare. In fact, the labour share is considered a measure of how the benefits of growth are distributed between labour and capital, and its decrease indicates that workers in a country are getting a declining share of the wealth produced within that country.

Keywords: Total Factor Productivity; Transition Economy; Trade Openness; Economic Freedom; Transition Country (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-1-137-46098-1_4

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DOI: 10.1057/9781137460981_4

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