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Export Reference (APA) 
Barradas, R. & Lagoa, S. (2015). Functional Income Distribution in a Small European Country: The Role of Financialisation and Other Determinants. Dinâmia’CET-IUL Working Paper Nº 2015/04. 1-34
Export Reference (IEEE) 
R. P. Barradas and S. M. Lagoa,  "Functional Income Distribution in a Small European Country: The Role of Financialisation and Other Determinants", in Dinâmia’CET-IUL Working Paper Nº 2015/04, Lisbooa, pp. 1-34, 2015
Export BibTeX 
@unpublished{barradas2015_1764994116913,
	author = "Barradas, R. and Lagoa, S.",
	title = "Functional Income Distribution in a Small European Country: The Role of Financialisation and Other Determinants",
	year = "2015",
	url = "https://repositorio.iscte-iul.pt/bitstream/10071/10132/1/DINAMIA_WP_2015-04.pdf"
}
Export RIS 
TY  - EJOUR
TI  - Functional Income Distribution in a Small European Country: The Role of Financialisation and Other Determinants
T2  - Dinâmia’CET-IUL Working Paper Nº 2015/04
AU  - Barradas, R.
AU  - Lagoa, S.
PY  - 2015
SP  - 1-34
DO  - 10.7749/dinamiacet-iul.wp.2015.04
CY  - Lisbooa
UR  - https://repositorio.iscte-iul.pt/bitstream/10071/10132/1/DINAMIA_WP_2015-04.pdf
AB  - This paper makes an empirical analysis of the relationship between financialisation and the
evolution of labour income share in Portugal from 1978 to 2012. We estimate an equation for
the labour income share that includes standard variables (technological progress, globalisation,
education and business cycle) and variables to capture the effect of financialisation. We
formulate the hypothesis that the financialisation process may lead to a rise in the inequality of
functional income distribution through three channels: the change in the sectorial composition
of the economy (due to the increase in the weight of the financial activity and the decrease in
government activity), the diffusion of shareholder value governance practices and the
weakening of trade unions. Our results show that there is a long-term relationship between all
variables and that the financialisation process indirectly affects the labour income share through
its impact on government activity and trade union density. The paper also finds evidence
supporting the traditional explanations for functional income distribution, namely globalisation,
education and business cycle.
ER  -