Neoclassical theory omits the role of bargaining power in the determination of wages. As a result, the importance of changes in the bargaining position for the development of income shares in the last decades is underestimated. This paper presents a theoretical argument why collective bargaining power is a main determinant of workers\u2019 share of income and how its decline contributed to the severe changes in the distribution of income since the 1980s. In order to confirm this hypothesis, a panel data regression analysis is performed that suggests that unions significantly influence the distribution of income in developed countries.<\/p>","protected":false},"excerpt":{"rendered":"
Neoclassical theory omits the role of bargaining power in the determination of wages. As a result, the importance of changes in the bargaining position for the development of income shares in the last decades is underestimated. This paper presents a theoretical argument why collective bargaining power is a main determinant of workers\u2019 share of income and how its decline contributed to the severe changes in the distribution of income since the 1980s. In order to confirm this hypothesis, a panel data regression analysis is performed that suggests that unions significantly influence the distribution of income in developed countries.<\/p>\n","protected":false},"featured_media":55601,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[6232],"product_tag":[5620],"class_list":{"0":"post-55477","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-wirtschaft-web-kategorie","7":"product_tag-einkommensverteilung-gewerkschaften-loehne-makroeoekonomie-tarifverhandlung-verhandlungsmacht-bargaining-power-collective-bargaining-income-distribution-macroeconomics-unions-wages","8":"autor-vincent-victor","10":"first","11":"instock","12":"shipping-taxable","13":"purchasable","14":"product-type-simple"},"acf":[],"yoast_head":"\n