The Effect of Labor's Bargaining Power on Wealth Inequality in the UK, USA, And France

被引：3
作者：
Tippet, Ben [1 ]
Onaran, Ozlem [1 ]
Wildauer, Rafael [1 ]
机构：
[1] Univ Greenwich, Dept Accounting Finance & Econ, London, England
来源：
REVIEW OF INCOME AND WEALTH | 2024年 / 70卷 / 01期
关键词：
wealth inequality; income inequality; labor's bargaining power; technological change; globalization; TOP; 1; PERCENT; FINANCIAL-MARKETS; INCOME INEQUALITY; STRIKE ACTIVITY; UNIONS; SHARE; IMPACT; RISE; GLOBALIZATION; UNIONIZATION;
D O I：
10.1111/roiw.12626
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyses the determinants of wealth inequality, measured as the share of wealth owned by the top 1 percent wealthiest individuals. We find that labor's bargaining power is a significant and important determinant of top wealth shares. Using a semi-structural vector autoregression (SVAR) model for the period 1970-2019, we estimate that shocks to labor's bargaining power explain 32 percent, 8 percent and 32 percent of the variation around the long-term trend in wealth inequality in the UK, USA and France, respectively.
引用
收藏
页码：102 / 128
页数：27
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