{"title":"市场力量与收入差距:企业如何影响资本与劳动收入之间的差距","authors":"Chrysovalantis Amountzias","doi":"10.1111/boer.12450","DOIUrl":null,"url":null,"abstract":"<p>This paper investigates the effects of market power on income disparities when firm-specific parameters are considered to test how they shape the gap between capital and labor earnings through their pricing decisions. The dataset consists of 2895 UK manufacturing and services firms over 2010–2019. The results provide the following insights: (a) There is a strong positive association between market power and income disparities across the market, (b) liquidity constraints exert a positive effect on the asset-based disparities ratio, but a negative effect on the profit-based ratio. The robustness of the results is also checked when market-specific characteristics are included in the process.</p>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"76 3","pages":"861-888"},"PeriodicalIF":0.8000,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/boer.12450","citationCount":"0","resultStr":"{\"title\":\"Market power and income disparities: How can firms influence the gap between capital and labor earnings\",\"authors\":\"Chrysovalantis Amountzias\",\"doi\":\"10.1111/boer.12450\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This paper investigates the effects of market power on income disparities when firm-specific parameters are considered to test how they shape the gap between capital and labor earnings through their pricing decisions. The dataset consists of 2895 UK manufacturing and services firms over 2010–2019. The results provide the following insights: (a) There is a strong positive association between market power and income disparities across the market, (b) liquidity constraints exert a positive effect on the asset-based disparities ratio, but a negative effect on the profit-based ratio. The robustness of the results is also checked when market-specific characteristics are included in the process.</p>\",\"PeriodicalId\":46233,\"journal\":{\"name\":\"Bulletin of Economic Research\",\"volume\":\"76 3\",\"pages\":\"861-888\"},\"PeriodicalIF\":0.8000,\"publicationDate\":\"2024-05-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/boer.12450\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Bulletin of Economic Research\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/boer.12450\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Bulletin of Economic Research","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/boer.12450","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Market power and income disparities: How can firms influence the gap between capital and labor earnings
This paper investigates the effects of market power on income disparities when firm-specific parameters are considered to test how they shape the gap between capital and labor earnings through their pricing decisions. The dataset consists of 2895 UK manufacturing and services firms over 2010–2019. The results provide the following insights: (a) There is a strong positive association between market power and income disparities across the market, (b) liquidity constraints exert a positive effect on the asset-based disparities ratio, but a negative effect on the profit-based ratio. The robustness of the results is also checked when market-specific characteristics are included in the process.
期刊介绍:
The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.