Labour productivity, wages and the functional distribution of income in Portugal: A sectoral approach

Q2 Social Sciences

Society and Economy Pub Date : 2021-07-29 DOI:10.20472/IAC.2019.048.034

J. Lopes, J. Coelho, Vítor Escária

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引用次数: 2

Abstract

The main purpose of this paper is to study the functional distribution of income in Portugal in the long run, considering the period between 1953 and 2017. The labour share in income or value added depends on two fundamental variables, labour productivity and the average labour compensation. The trends of these variables are quantified for the aggregate economy and for its main productive sectors. An interesting result emerges, namely the different dynamics across sectors, both for the (unadjusted) wage share (considering only the wages of employees) and for the adjusted labour share (considering also as labour compensation one fraction of mixed income). Moreover, a shift-share analysis is used, in order to distinguish the importance of each sector's wage share evolution (“within” effect) and the changes in each sector's weight (structural changes, or “between” effect). Finally, a first attempt to incorporate the effect of wage inequality on the functional distribution of income is made, subtracting the labour compensation of the highest paid workers (top 10%, 5% and 1%) in order to calculate the wage share of the (so-called) "typical" workers.

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葡萄牙的劳动生产率、工资和收入的职能分配:部门方法

本文的主要目的是研究长期来看葡萄牙收入的功能分配，考虑到1953年至2017年这段时间。劳动在收入或增加值中的份额取决于两个基本变量:劳动生产率和平均劳动报酬。对总体经济及其主要生产部门的这些变量的趋势进行了量化。一个有趣的结果出现了，即跨部门的不同动态，无论是(未经调整的)工资份额(只考虑雇员的工资)还是调整后的劳动份额(也考虑劳动报酬占混合收入的一小部分)。此外，为了区分每个部门工资份额演变的重要性(“内部”效应)和每个部门权重的变化(结构变化，或“之间”效应)，使用了转移份额分析。最后，首次尝试将工资不平等对收入功能分配的影响纳入其中，减去收入最高的工人(前10%，前5%和前1%)的劳动补偿，以计算(所谓的)收入的工资份额。“典型”的工人。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Society and Economy Social Sciences-Sociology and Political Science

CiteScore

1.50

自引率

0.00%

发文量

审稿时长

28 weeks

期刊介绍： The double-blind peer-reviewed journal publishes original research articles and book reviews in the fields of economics, social sciences, and business studies, which address social and economic issues in Central and Eastern Europe or have relevance for social and economic development in this region. While it welcomes articles from the international academic community, Society and Economy seeks in particular to provide an international forum for scholars working in the research traditions of this region. The journal welcomes submissions of high-quality and multi-disciplinary articles that address social, demographic, political, economic and industrial trends and challenges. Society and Economy is a gold open access journal since 2019 but authors are not requested to pay an article processing fee.