Skip navigation
Logo
User training | Reference and search service

Library catalog

Retrievo
EDS
b-on
More
resources
Content aggregators
Please use this identifier to cite or link to this item:

acessibilidade

http://hdl.handle.net/10071/10132
acessibilidade
Title: Functional income distribution in a small European country: The role of financialisation and other determinants
Authors: Barradas, R.
Lagoa, S.
Keywords: Financialisation
Inequality
The Portuguese Functional Income Distribution
Cointegration
ARDL Models
Issue Date: 16-Nov-2015
Series/Report no.: Working Papers
DINÂMIA’CET – IUL
Abstract: This paper makes an empirical analysis of the relationship between financialisation and the evolution of labour income share in Portugal from 1978 to 2012. We estimate an equation for the labour income share that includes standard variables (technological progress, globalisation, education and business cycle) and variables to capture the effect of financialisation. We formulate the hypothesis that the financialisation process may lead to a rise in the inequality of functional income distribution through three channels: the change in the sectorial composition of the economy (due to the increase in the weight of the financial activity and the decrease in government activity), the diffusion of shareholder value governance practices and the weakening of trade unions. Our results show that there is a long-term relationship between all variables and that the financialisation process indirectly affects the labour income share through its impact on government activity and trade union density. The paper also finds evidence supporting the traditional explanations for functional income distribution, namely globalisation, education and business cycle.
Description: JEL CLASSIFICATION C22, D33, E25 and E44
Peer reviewed: Sim
URI: http://hdl.handle.net/10071/10132
Appears in Collections:DINÂMIA'CET-WP - Working papers com arbitragem científica

Files in This Item:
acessibilidade
File Description SizeFormat 
DINAMIA_WP_2015-04.pdf932 kBAdobe PDFView/Open


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.