05834oam 22012974 450 991096874910332120251116183909.097866138236259781462306404146230640397814527077541452707758978128343772112834377249781451910070145191007X(CKB)3360000000443358(EBL)3012520(SSID)ssj0000949413(PQKBManifestationID)11509018(PQKBTitleCode)TC0000949413(PQKBWorkID)10997656(PQKB)10431665(OCoLC)568151229(MiAaPQ)EBC3012520(IMF)WPIEE2006294(IMF)WPIEA2006294WPIEA2006294(EXLCZ)99336000000044335820020129d2006 uf 0engurcn|||||||||txtccrEffects of Globalization on Labor’s Share in National Income /Anastasia Guscina1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (35 p.)IMF Working Papers"December 2006."9781451865547 1451865546 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 countriesGlobalizationAggregate Human CapitalimfAggregate Labor ProductivityimfEconomic theoryimfEmployment protectionimfEmploymentimfEnvironmental AccountsimfIncome economicsimfIntergenerational Income DistributionimfLabor ContractsimfLabor economicsimfLabor Economics: GeneralimfLabor shareimfLaborimfLabourimfMacroeconomicsimfManpower policyimfMeasurement and Data on National Income and Product Accounts and WealthimfNational incomeimfUnemploymentimfWagesimfWages, Compensation, and Labor Costs: GeneralimfUnited StatesimfNational incomeEconometric models.Foreign trade and employmentWages and labor productivityEmployeesEffect of technological innovations onWagesEffect of technological innovations onWage bargainingGlobalization.Aggregate Human CapitalAggregate Labor ProductivityEconomic theoryEmployment protectionEmploymentEnvironmental AccountsIncome economicsIntergenerational Income DistributionLabor ContractsLabor economicsLabor Economics: GeneralLabor shareLaborLabourMacroeconomicsManpower policyMeasurement and Data on National Income and Product Accounts and WealthNational incomeUnemploymentWagesWages, Compensation, and Labor Costs: GeneralGuscina Anastasia1815669International Monetary Fund.Western Hemisphere Department.DcWaIMFBOOK9910968749103321Effects of Globalization on Labor’s Share in National Income4371213UNINA