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Taxation, labor policies and goods market regulation: Effects on the wages-productivity gap

Author

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  • Riccardo Tilli

    (University of Rome La Sapienza)

  • Andrea Rollin

    (University of Rome La Sapienza)

Abstract

This paper proposes an empirical analysis about the influence of some institutional factors (taxation, active and passive labor market policies, labor and goods market regulation and unions participation) on the component of the wage growth not explained by the productivity growth (WP gap, thereafter). We consider a 14 OECD countries Panel Data over the period 1983-2003, using four different estimations: fixed effects vector decomposition (FEVD), fixed effects (FE), random effects (RE) and feasible general least square (FGLS). Results for all estimations show that the WP gap is affected by tax wedge, active labor market policies, employment protection for temporary workers and union density, while product market regulation and passive labor market policies do not play a significant role.

Suggested Citation

  • Riccardo Tilli & Andrea Rollin, 2016. "Taxation, labor policies and goods market regulation: Effects on the wages-productivity gap," Working Papers 5/2016, Interuniversity Research Center "Ezio Tarantelli".
    • Handle: RePEc:aex:wpaper:wp5
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    More about this item

    Keywords

    taxation; labor market policies; labor and goods market regulation; collective bargaining; wage; productivity;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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