Checchi, Daniele (contributor); … - 2005
OECD. We first model the wage determination process and show that unemployment, the labour share, and the wage differential … differentials, a higher labour share, and also higher unemployment. We then use a panel of OECD countries for the period 1970-96 to … examine these effects. We find, first, that the labour share remains an important aspect of overall inequality patterns, and …