Abstract:This paper analyses the role played by the flexibilization of labour markets
on functional income distribution. Specifically, we analyse whether
employment protection legislation affects the evolution of labour income
share, measured by the size of compensation of employees as a percentage of
GDP, the sum of wages and salaries as a percentage of GDP and the size of
the adjusted wage share, in twenty European economies. Our study?s results
show that the evolution of labour income share is expl… Show more
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