Workers' falling share of firms' profits
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.
1 July 2019 Paper Number CEPCP557
This CentrePiece article is published under the centre's Labour markets programme.