05609oam 22012014 450 991078841240332120230828232712.01-4623-0640-31-4527-0775-81-283-43772-497866138236251-4519-1007-X(CKB)3360000000443358(EBL)3012520(SSID)ssj0000949413(PQKBManifestationID)11509018(PQKBTitleCode)TC0000949413(PQKBWorkID)10997656(PQKB)10431665(OCoLC)568151229(MiAaPQ)EBC3012520(IMF)WPIEE2006294(EXLCZ)99336000000044335820020129d2006 uf 0engurcn|||||||||txtccrEffects of Globalization on Labor’s Share in National Income /Anastasia GuscinaWashington, D.C. :International Monetary Fund,2006.1 online resource (35 p.)IMF Working Papers"December 2006."1-4518-6554-6 Includes bibliographical references (p. 32-33).""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""III. EMPIRICAL STRATEGY""; ""IV. RESULTS""; ""V. CONCLUSIONS""; ""Appendix I. Compensation Share""; ""Appendix II. A First Pass at Data: Bivariate Regression Results""; ""Appendix III. Correlation Matrix of Explanatory Variables""; ""Appendix IV. Multivariate Regression Results for Alternative Specifications""; ""Appendix V. Inequality""; ""Appendix VI. Multivariate regression results for alternative specifications""; ""Appendix VII. Capital-Augmenting Technological Progress""; ""References""The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy.IMF Working Papers; Working Paper ;No. 2006/294National incomeDeveloped countriesEconometric modelsForeign trade and employmentDeveloped countriesWages and labor productivityDeveloped countriesEmployeesEffect of technological innovations onDeveloped countriesWagesEffect of technological innovations onDeveloped countriesWage bargainingDeveloped countriesGlobalizationLaborimfMacroeconomicsimfWages, Compensation, and Labor Costs: GeneralimfMeasurement and Data on National Income and Product Accounts and WealthimfEnvironmental AccountsimfLabor Economics: GeneralimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfLabor ContractsimfLabourimfincome economicsimfLabor shareimfNational incomeimfEmployment protectionimfLabor economicsimfEconomic theoryimfManpower policyimfUnited StatesimfNational incomeEconometric models.Foreign trade and employmentWages and labor productivityEmployeesEffect of technological innovations onWagesEffect of technological innovations onWage bargainingGlobalization.LaborMacroeconomicsWages, Compensation, and Labor Costs: GeneralMeasurement and Data on National Income and Product Accounts and WealthEnvironmental AccountsLabor Economics: GeneralEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityLabor ContractsLabourincome economicsLabor shareNational incomeEmployment protectionLabor economicsEconomic theoryManpower policyGuscina Anastasia1493507International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910788412403321Effects of Globalization on Labor’s Share in National Income3802260UNINA