Functional income distribution and its role in explaining inequality
Francese, Maura ; Mulas-Granados, Carlos
IMF - Washington, DC
2015
33 p.
comparison ; income distribution ; statistics ; wage differential ; social inequality
IMF Working Paper
wp/15/244
Income distribution
English
Bibliogr.
"This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution of income between labor and capital has not been a major factor."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.