Determinantes socio-institucionales de la distribución de la rentaEl caso de España (1987-2015)

Abstract

The article analyzes the main causes that led to the continuous decline of the wage share in the Spanish economy during the period 1987-2015. Three types of factors have been considered to explain this downturn: technical and productive factors, the state performance and the evolution of the socio-institutional conditions. We combine a descriptive statistical methodology with qualitative analysis to show that the change in the employment structure, the employment intensity, the economic policy and the evolution of the industrial relations and labor market institutions explain the changes in income distribution. Additionally, we highlight the importance of the socio-institutional factors and we present an index to quantify the bargaining power of the employees that can account for the wage share performance in dynamic terms.