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Closing the productivity–wage gap in the European Union: The role of the labor share

Author

Listed:
  • Bellocchi, Alessandro
  • Saraceno, Francesco
  • Travaglini, Giuseppe

Abstract

This paper examines the determinants of the productivity–wage gap in the European Union between 2002 and 2018, with a focus on the role of the labor share. Drawing on a nested CES production framework and industry-level data for 17 EU countries, we find that higher tangible capital intensity, particularly in non-ICT assets, together with capital-biased technological progress, have reduced the labor share of low- and medium-skilled workers. Institutional changes, including weaker collective bargaining coverage, the erosion of employment protection and the rising use of temporary contracts, have further accelerated this decline. Our results reveal marked heterogeneity across asset types, industries and skill groups, highlighting the need for targeted policies to mitigate the distributional consequences of capital deepening and technological change.

Suggested Citation

  • Bellocchi, Alessandro & Saraceno, Francesco & Travaglini, Giuseppe, 2025. "Closing the productivity–wage gap in the European Union: The role of the labor share," Structural Change and Economic Dynamics, Elsevier, vol. 75(C), pages 689-702.
    • Handle: RePEc:eee:streco:v:75:y:2025:i:c:p:689-702
    DOI: 10.1016/j.strueco.2025.10.005
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    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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