Missing links in the inclusive growth debate: functional income distribution and labor market institutions
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Organización Internacional del Trabajo (OIT)
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| Main Authors: | , , , |
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| Format: | Artículo científico |
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International Labour Organization
2021
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| _version_ | 1874525391652126724 |
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| author | Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González |
| author_facet | Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González |
| contents | Missing links in the inclusive growth debate: functional income distribution and labor market institutions Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González The aim of this article is to discuss the ‘inclusive growth’ proposals made by the IMF, the OECD and the EU, and to examine to what extent these proposals are consistent with the objective to be achieved. To do this, we examine the importance of two ‘missing links’ commonly overlooked by these institutions when promoting ‘inclusive growth’: functional income distribution and labor market institutions. Using a panel of 42 advanced countries for the period 1990-2018, we estimate an econometric model and we obtain two relevant results. First, functional income distribution has an important influence on income inequality. Second, collective bargaining coverage plays a significant role in explaining increases in the wage share and reductions in income inequality. Consequently, these two ‘missing links’ must be fully integrated into the policy debate of international organizations if ‘inclusive growth’ is to be successfully promoted. publication.journalArticle |
| format | Artículo científico |
| id | ilo_995218630702676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2021 |
| publisher | International Labour Organization |
| spellingShingle | Missing links in the inclusive growth debate: functional income distribution and labor market institutions Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González Missing links in the inclusive growth debate: functional income distribution and labor market institutions Ignacio Alvarez Maarten Keune Jesús Cruces Jorge Uxó González The aim of this article is to discuss the ‘inclusive growth’ proposals made by the IMF, the OECD and the EU, and to examine to what extent these proposals are consistent with the objective to be achieved. To do this, we examine the importance of two ‘missing links’ commonly overlooked by these institutions when promoting ‘inclusive growth’: functional income distribution and labor market institutions. Using a panel of 42 advanced countries for the period 1990-2018, we estimate an econometric model and we obtain two relevant results. First, functional income distribution has an important influence on income inequality. Second, collective bargaining coverage plays a significant role in explaining increases in the wage share and reductions in income inequality. Consequently, these two ‘missing links’ must be fully integrated into the policy debate of international organizations if ‘inclusive growth’ is to be successfully promoted. publication.journalArticle |
| title | Missing links in the inclusive growth debate: functional income distribution and labor market institutions |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Missing-links-in-the-inclusive-growth/995218630702676 |