@techreport{Checchi2005Labour,
abstract = {We examine the determinants of differences across countries and over time in the distribution
of personal incomes in the OECD. The Gini coefficient of personal incomes can be expressed
as a function of the wage differential, the labour share, and the unemployment rate, hence
labour market institutions are an essential determinant of the distribution of income, although
the sign of their impact is ambiguous. We use a panel of OECD countries for the period 1970-
96 to examine these effects. We find, first, that the labour share remains an important
determinant of overall inequality patterns, and, second, that stronger unions and a more
generous unemployment benefit tend to reduce income inequality. High capital-labour ratios
also emerge as a strong equalising factor, which has in part offset the impact of increasing
wage inequality on the US distribution of personal incomes.},
author = {Daniele Checchi and Cecilia Garc\'{\i}a-Pe\\textasciitilde{}{n}alosa},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D33; D31; 330; income inequality; labour share; trade unions; Einkommensverteilung; Arbeitsmarktflexibilisierung; Lohnstruktur; Arbeitslosigkeit; Lohnquote; Kapitalintensit\"{a}t; Sch\"{a}tzung; OECD-Staaten},
language = {eng},
number = {1608},
title = {Labour market institutions and the personal distribution of income in the OECD},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19072},
year = {2005}
}
