RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY
This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross‐country‐industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts ho...
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| Veröffentlicht in: | Economic inquiry 2019-10, Vol.57 (4), p.1915-1938 |
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| container_end_page | 1938 |
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| container_start_page | 1915 |
| container_title | Economic inquiry |
| container_volume | 57 |
| creator | Cette, Gilbert Lopez, Jimmy Mairesse, Jacques |
| description | This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross‐country‐industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low‐skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivity. (JEL E22, E24, O30, L50, O43, O47, C23) |
| doi_str_mv | 10.1111/ecin.12809 |
| format | Article |
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We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low‐skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivity. 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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index |
| subjects | Economic models Economics and Finance Employment Employment law Humanities and Social Sciences Labor law Legislation Measures Panel data Productivity Regulation Wages & salaries Working hours |
| title | RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY |
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