Drivers of inequality: wages vs. profits in European industries
Publication type: Journal Article
Publication date: 2022-03-01
scimago Q1
wos Q1
SJR: 1.406
CiteScore: 9.3
Impact factor: 5.5
ISSN: 0954349X, 18736017
Economics and Econometrics
Abstract
Amongst the drivers of inequality, income distribution between wages and profits at the level of individual industries plays a key role. The factors shaping the parallel evolution of wages and profits are investigated in this article building on Post-Keynesian and evolutionary perspectives. We develop a simultaneous model on wage and profit dynamics identifying as key determinants the capital-labour conflict, the expansion of value added per hour worked, different strategies of technological change and offshoring, and the relevance of trade unions. The empirical investigation includes an industry-level analysis on 38 manufacturing and service sectors for six major European countries from 1994 to 2014. Wage and profit dynamics are shown to be rooted in structural change and capital-labour conflict, with profits driven by product innovation and offshoring, and wages rising faster where new products are relevant and trade unions have a greater role.
Found
Nothing found, try to update filter.
Found
Nothing found, try to update filter.
Top-30
Journals
|
1
2
3
4
5
6
|
|
|
Structural Change and Economic Dynamics
6 publications, 35.29%
|
|
|
SSRN Electronic Journal
3 publications, 17.65%
|
|
|
Scandinavian Economic History Review
1 publication, 5.88%
|
|
|
International Journal of Manpower
1 publication, 5.88%
|
|
|
Italian Economic Journal
1 publication, 5.88%
|
|
|
The Forum for Social Economics
1 publication, 5.88%
|
|
|
Review of Radical Political Economics
1 publication, 5.88%
|
|
|
Cambridge Journal of Economics
1 publication, 5.88%
|
|
|
Review of Political Economy
1 publication, 5.88%
|
|
|
1
2
3
4
5
6
|
Publishers
|
1
2
3
4
5
6
7
8
9
|
|
|
Elsevier
9 publications, 52.94%
|
|
|
Taylor & Francis
3 publications, 17.65%
|
|
|
Emerald
1 publication, 5.88%
|
|
|
Springer Nature
1 publication, 5.88%
|
|
|
MDPI
1 publication, 5.88%
|
|
|
SAGE
1 publication, 5.88%
|
|
|
Oxford University Press
1 publication, 5.88%
|
|
|
1
2
3
4
5
6
7
8
9
|
- We do not take into account publications without a DOI.
- Statistics recalculated weekly.
Are you a researcher?
Create a profile to get free access to personal recommendations for colleagues and new articles.
Metrics
17
Total citations:
17
Citations from 2024:
13
(76.47%)
Cite this
GOST |
RIS |
BibTex
Cite this
GOST
Copy
Coveri A., Pianta M. Drivers of inequality: wages vs. profits in European industries // Structural Change and Economic Dynamics. 2022. Vol. 60. pp. 230-242.
GOST all authors (up to 50)
Copy
Coveri A., Pianta M. Drivers of inequality: wages vs. profits in European industries // Structural Change and Economic Dynamics. 2022. Vol. 60. pp. 230-242.
Cite this
RIS
Copy
TY - JOUR
DO - 10.1016/j.strueco.2021.11.016
UR - https://doi.org/10.1016/j.strueco.2021.11.016
TI - Drivers of inequality: wages vs. profits in European industries
T2 - Structural Change and Economic Dynamics
AU - Coveri, Andrea
AU - Pianta, Mario
PY - 2022
DA - 2022/03/01
PB - Elsevier
SP - 230-242
VL - 60
SN - 0954-349X
SN - 1873-6017
ER -
Cite this
BibTex (up to 50 authors)
Copy
@article{2022_Coveri,
author = {Andrea Coveri and Mario Pianta},
title = {Drivers of inequality: wages vs. profits in European industries},
journal = {Structural Change and Economic Dynamics},
year = {2022},
volume = {60},
publisher = {Elsevier},
month = {mar},
url = {https://doi.org/10.1016/j.strueco.2021.11.016},
pages = {230--242},
doi = {10.1016/j.strueco.2021.11.016}
}