Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/18402 |
Resumo: | The main purpose of this paper is to study the functional distribution of income in Portugal in the long run, considering the period between 1953 and 2017. The labour share in income or value added depends on two fundamental variables, the labour productivity and the average labour compensation. The trends of these variables are quantified, for the aggregate economy and for its main productive sectors. An interesting result emerges, namely the different dynamics across sectors, both for the (unadjusted) wage share (considering only the wages of employees) and for the adjusted labour share (considering also as labour compensation one fraction of mixed income). Moreover, a shift-share analysis is used, in order to distinguish the importance of each sector’s wage share evolution (“within” effect) and the changes in each sector’s weight (structural changes, or “between” effect). Finally, a first attempt to incorporate the effect of wage inequality on the functional distribution of income is made, subtracting the labour compensation of the highest paid workers (top 10%, 5% and 1%) in order to calculate the wage share of the (so-called) typical workers. |
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Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approachFunctional Income DistributionLabour ShareSectoral AnalysisShift-Share AnalysisWage InequalitiesPortugalThe main purpose of this paper is to study the functional distribution of income in Portugal in the long run, considering the period between 1953 and 2017. The labour share in income or value added depends on two fundamental variables, the labour productivity and the average labour compensation. The trends of these variables are quantified, for the aggregate economy and for its main productive sectors. An interesting result emerges, namely the different dynamics across sectors, both for the (unadjusted) wage share (considering only the wages of employees) and for the adjusted labour share (considering also as labour compensation one fraction of mixed income). Moreover, a shift-share analysis is used, in order to distinguish the importance of each sector’s wage share evolution (“within” effect) and the changes in each sector’s weight (structural changes, or “between” effect). Finally, a first attempt to incorporate the effect of wage inequality on the functional distribution of income is made, subtracting the labour compensation of the highest paid workers (top 10%, 5% and 1%) in order to calculate the wage share of the (so-called) typical workers.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaLopes, João CarlosCoelho, José CarlosEscária, Vítor2019-10-01T13:42:39Z2019-092019-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/18402engLopes, João Carlos, José Carlos Coelho e Vítor Escária (2019). "Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach". Instituto Superior de Economia e Gestão – REM Working paper nº 091 - 20192184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:47:59Zoai:www.repository.utl.pt:10400.5/18402Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:03:27.343053Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
title |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
spellingShingle |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach Lopes, João Carlos Functional Income Distribution Labour Share Sectoral Analysis Shift-Share Analysis Wage Inequalities Portugal |
title_short |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
title_full |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
title_fullStr |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
title_full_unstemmed |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
title_sort |
Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach |
author |
Lopes, João Carlos |
author_facet |
Lopes, João Carlos Coelho, José Carlos Escária, Vítor |
author_role |
author |
author2 |
Coelho, José Carlos Escária, Vítor |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Lopes, João Carlos Coelho, José Carlos Escária, Vítor |
dc.subject.por.fl_str_mv |
Functional Income Distribution Labour Share Sectoral Analysis Shift-Share Analysis Wage Inequalities Portugal |
topic |
Functional Income Distribution Labour Share Sectoral Analysis Shift-Share Analysis Wage Inequalities Portugal |
description |
The main purpose of this paper is to study the functional distribution of income in Portugal in the long run, considering the period between 1953 and 2017. The labour share in income or value added depends on two fundamental variables, the labour productivity and the average labour compensation. The trends of these variables are quantified, for the aggregate economy and for its main productive sectors. An interesting result emerges, namely the different dynamics across sectors, both for the (unadjusted) wage share (considering only the wages of employees) and for the adjusted labour share (considering also as labour compensation one fraction of mixed income). Moreover, a shift-share analysis is used, in order to distinguish the importance of each sector’s wage share evolution (“within” effect) and the changes in each sector’s weight (structural changes, or “between” effect). Finally, a first attempt to incorporate the effect of wage inequality on the functional distribution of income is made, subtracting the labour compensation of the highest paid workers (top 10%, 5% and 1%) in order to calculate the wage share of the (so-called) typical workers. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-10-01T13:42:39Z 2019-09 2019-09-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/18402 |
url |
http://hdl.handle.net/10400.5/18402 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Lopes, João Carlos, José Carlos Coelho e Vítor Escária (2019). "Labour productivity, wages and the functional distribution of income in Portugal : a sectoral approach". Instituto Superior de Economia e Gestão – REM Working paper nº 091 - 2019 2184-108X |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
publisher.none.fl_str_mv |
ISEG - REM - Research in Economics and Mathematics |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131125188132864 |