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Workers' falling share of firms' profits

Author

Listed:
  • Brian Bell
  • Pawel Bukowski
  • Stephen Machin

Abstract

To what extent do UK companies share their profits with employees? Brian Bell, Pawel Bukowski and Stephen Machin find that rent-sharing is on a much smaller scale today than during the 1980s and 1990s - and that the decline coincides with a rise in firms' product market power alongside a fall in workers' bargaining power.

Suggested Citation

  • Brian Bell & Pawel Bukowski & Stephen Machin, 2019. "Workers' falling share of firms' profits," CentrePiece - The magazine for economic performance 557, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:557
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    File URL: https://cep.lse.ac.uk/pubs/download/cp557.pdf
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    Cited by:

    1. Wang, Y. & Wang, J. & He, W., 2022. "Development of efficient, flexible and affordable heat pumps for supporting heat and power decarbonisation in the UK and beyond: Review and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).

    More about this item

    Keywords

    rent sharing; inclusive growth;

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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