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Abstract:

cover
CentrePiece Article
Workers' falling share of firms' profits
Brian Bell, Pawel Bukowski and Stephen Machin
July 2019
Paper No' CEPCP557:
Full Paper (pdf)

CentrePiece 24 (2) Summer 2019


JEL Classification: J30


Tags: rent sharing; inclusive growth

To what extent do UK companies share their profits with employees? Brian Bell, Pawel Bukowski and Stephen Machin find that rent-sharing is on a much smaller scale today than during the 1980s and 1990s – and that the decline coincides with a rise in firms' product market power alongside a fall in workers' bargaining power.

This article summarises 'Rent Sharing and Inclusive Growth' by Brian Bell, Pawel Bukowski and Stephen Machin, CEP Discussion Paper No 1584