Journal articles
Rent Creation and Rent Sharing: New Measures and Impacts on Total Factor Productivity
Abstract : 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)
Cited literature [17 references]
https://hal-amu.archives-ouvertes.fr/hal-02279411
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Wednesday, May 13, 2020 - 12:47:41 PM
Last modification on : Wednesday, November 3, 2021 - 5:50:15 AM
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Wednesday, May 13, 2020 - 12:47:41 PM
Last modification on : Wednesday, November 3, 2021 - 5:50:15 AM
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