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Przyczyny i implikacje zmian w udziale zysków i płac w PKB

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  • Wojtyna, Andrzej

Abstract

The paper examines the latest research into factors behind changes in the functional distribution of incomes, or the relationship between the share of wages and profits in GDP. The author describes the key determinants of theoretical and empirical research and explains why interest in these issues has increased in recent years in both Poland and elsewhere. The second part of the paper discusses the most controversial issues linked with the definition and measurement of the share of wages and profits in GDP, while part three focuses on general historic trends linked with the distribution of profits and wages. Part four discusses the results of the latest econometric research that takes into account the role of globalization and technological progress. Part five is dedicated to research dealing with capital-labor substitution, which is important from the perspective of theoretical debates in contemporary macroeconomics. The author concludes that future research into the distribution of profits and wages should cover countries with a medium and low level of development.

Suggested Citation

  • Wojtyna, Andrzej, 2009. "Przyczyny i implikacje zmian w udziale zysków i płac w PKB," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2009(9), September.
    • Handle: RePEc:ags:polgne:356698
    DOI: 10.22004/ag.econ.356698
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    References listed on IDEAS

    as
    1. Luci Ellis & Kathryn Smith, 2010. "The Global Upward Trend in the Profit Share," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 56(3), pages 231-256.
    2. Bentolila Samuel & Saint-Paul Gilles, 2003. "Explaining Movements in the Labor Share," The B.E. Journal of Macroeconomics, De Gruyter, vol. 3(1), pages 1-33, October.
    3. Ms. Florence Jaumotte & Ms. Irina Tytell, 2007. "How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?," IMF Working Papers 2007/298, International Monetary Fund.
    4. Alain Serres & Stefano Scarpetta & Christine Maisonneuve, 2001. "Falling Wage Shares in Europe and the United States: How Important is Aggregation Bias?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(4), pages 375-401, December.
    5. Nicoletta Batini & Brian Jackson & Stephen Nickell, 2000. "Inflation Dynamics and the Labour Share in the UK," Discussion Papers 02, Monetary Policy Committee Unit, Bank of England.
    6. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
    7. Richard B. Freeman, 2007. "The Challenge of the Growing Globalization of Labor Markets to Economic and Social Policy," Palgrave Macmillan Books, in: Eva Paus (ed.), Global Capitalism Unbound, chapter 0, pages 23-39, Palgrave Macmillan.
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