Labour Market Institutions and the Personal Distribution of Income in the OECD



collected, allowing us to build a series that is more comparable over time, and most of our analysis will be
based on them. However, as a robustness check, we replicate our regression equations using the Deininger
and Squire data. Unfortunately these two datasets on income inequality overlap only partially, and
therefore the results are not directly comparable.

Table la — Descriptive statistics for main variables — sample means by countries

country__________

ginil

gini2

p9010

ls1

ur_____

ben

Australia

32.83

38.08

2.83

0.49

5.32

0.22

Belgium

27.75

26.81

2.34

0.52

6.64

0.41

Canada

36.03

31.32

4.24

0.53

7.42

0.26

Denmark

32.86

32.08

2.17

0.55

5.01

0.44

Finland

21.76

29.77

2.45

0.51

5.68

0.25

France

38.33

42.13

3.44

0.52

6.52

0.30

Germany

36.22

31.23

2.84

0.54

3.85

0.29

Italy

34.71

34.67

2.33

0.46

6.07

0.05

Japan

na

34.86

3.06

0.51

2.20

0.11

Korea

na

34.18

3.97

0.41

na

na

Netherlands

28.55

28.54

2.61

0.55

5.11

0.45

New Zealand

27.23

34.06

3.03

0.48

2.91

0.31

Norway

22.64

34.75

2.08

0.48

2.73

0.23

Sweden

47.12

31.69

2.10

0.58

3.17

0.19

United kingdom

27.52

25.98

3.27

0.58

6.31

0.22

United states

37.58

35.49

4.16

0.58

5.86

0.12

Total

33.98

32.56

3.03

0.52

5.00

0.26

Table lb — Descriptive statistics for variables in the dataset — sample means

Variable

Obs

Mean

Std.Dev.

Min

Max

gini1

236

33.981

7.295

19.900

54.300

p9010

315

3.028

0.690

1.953

4.640

ls1

651

52.060

5.419

32.268

64.909

ur

593

4.999

3.324

0.000

16.800

ben

600

0.257

0.142

0.003

0.670

udnet

585

0.427

0.181

0.099

0.911

minim

704

0.667

0.275

0.241

1.000

edu

656

9.603

1.799

3.457

12.876

kpw

528

10.187

0.512

7.646

11.173

tw

566

0.492

0.125

0.237

0.831

oil

689

4.436

2.498

-0.333

10.991

Legend:

ginil = Gini index on personal income distribution, from Brandolini 2003

p90l0    = ratio between 90th and l0th percentile in earnings distribution, from OECD

lsl = labour share on value added at market price, from OECD-Stan database

ur       = unemployment rate, from Nickell-Nunziata 200l

ben     = unemployment benefit, from OECD 200l

udnet    = union density, from Nickell-Nunziata 200l

minim   = ratio of minimum wage to median wage, from OECD

edu      = average years of schooling of population 25 and over, whether studying or not, from Cohen and Soto 200l

kpw     = (log of) capital per worker, from Summer and Heston l99l, updated with mark 5.6 of the Penn tables

tw       = tax wedge, from Nickell-Nunziata 200l

oil = (log of) oil price in national currency, from IMF Financial Statistics

l4



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