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Employment Protection Legislation and Labour Income Shares in Europe

Author

Listed:
  • Philip Arestis
  • Jesús Ferreiro
  • Carmen Gómez

Abstract

The paper analyses the determinant elements of the evolution of labour income share, measured by the size of compensation of employees as a percentage of GDP in twenty European economies. In doing so, special attention is paid to the impact of employment protection legislation. Our study’s results show that the evolution of labour income share is explained by the economic growth, the growth of employment and unemployment rates, and the growth of real wages. Regarding employment protection, only employment protection for temporary workers matters. Our results shows that stricter provisions on the use of fixed-term and temporary agency contracts have a positive impact on the growth of the labour shares.Key words: Employment protection legislation, Labour markets, Labour income share, Income distribution.JEL: C33, E24, E25, F66.

Suggested Citation

  • Philip Arestis & Jesús Ferreiro & Carmen Gómez, 2020. "Employment Protection Legislation and Labour Income Shares in Europe," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 67(3), pages 291-308.
    • Handle: RePEc:voj:journl:v:67:y:2020:i:3:p:291-308:id:1189
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    File URL: https://panoeconomicus.org/index.php/jorunal/article/view/1189/593
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    Cited by:

    1. Campos, Nauro F. & De Grauwe, Paul & Ji, Yuemei, 2023. "Structural reforms and economic performance: the experience of advanced economies," LSE Research Online Documents on Economics 120870, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    Employment protection legislation; Labour markets; Labour income share; Income distribution;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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