Program > Papers by author > Mairesse Jacques

RENT CREATION AND SHARING: NEW MEASURES AND IMPACTS ON TFP
Gilbert Cette  1, 2@  , Jimmy Lopez  1, 3@  , Jacques Mairesse  1, 4@  
1 : Centre de recherche de la Banque de France
Banque de France
31 rue Croix des petits champs 75001 PARIS - France -  France
2 : Aix-Marseille School of Economics  (AMSE)
Ecole Centrale Marseille (ECM), Ecole des Hautes Etudes en Sciences Sociales (EHESS), Centre national de la recherche scientifique (CNRS)
GREQAM, Centre de la Charité, 2 rue de la Charité, 13236 Marseille Cedex 02 -  France
3 : Laboratoire d'Economie de Dijon  (LEDi)
Université de Bourgogne
Pôle d'économie et de gestion - 2 boulevard Gabriel - BP 26611 - 21066 DIJON CEDEX -  France
4 : Centre de Recherche en Économie et Statistique  (CREST)
INSEE, École Nationale de la Statistique et de l'Administration Économique

This analysis proposes new measures of rent creation (mark-up) and workers' share of rents on cross-country-industry panel data. We confirm their relevance on an ‘institution and growth' framework. First, we find that anti-competitive non-manufacturing regulations affect positively rent creation, whereas employment protection legislation boosts wages, particularly for low skill workers. However, these wage increases are offset by a negative impact on hours worked, leading to a non-significant impact on workers' share of rents. Second, using the regulation indicators as instruments, we find that rent creation and workers' share of rents have both substantial negative impacts on Total Factor Productivity.


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