LEADER 05609oam 22012014 450 001 9910788412403321 005 20230828232712.0 010 $a1-4623-0640-3 010 $a1-4527-0775-8 010 $a1-283-43772-4 010 $a9786613823625 010 $a1-4519-1007-X 035 $a(CKB)3360000000443358 035 $a(EBL)3012520 035 $a(SSID)ssj0000949413 035 $a(PQKBManifestationID)11509018 035 $a(PQKBTitleCode)TC0000949413 035 $a(PQKBWorkID)10997656 035 $a(PQKB)10431665 035 $a(OCoLC)568151229 035 $a(MiAaPQ)EBC3012520 035 $a(IMF)WPIEE2006294 035 $a(EXLCZ)993360000000443358 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEffects of Globalization on Labor?s Share in National Income /$fAnastasia Guscina 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (35 p.) 225 1 $aIMF Working Papers 300 $a"December 2006." 311 $a1-4518-6554-6 320 $aIncludes bibliographical references (p. 32-33). 327 $a""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"" 330 3 $aThe past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/294 606 $aNational income$zDeveloped countries$xEconometric models 606 $aForeign trade and employment$zDeveloped countries 606 $aWages and labor productivity$zDeveloped countries 606 $aEmployees$xEffect of technological innovations on$zDeveloped countries 606 $aWages$xEffect of technological innovations on$zDeveloped countries 606 $aWage bargaining$zDeveloped countries 606 $aGlobalization 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aMeasurement and Data on National Income and Product Accounts and Wealth$2imf 606 $aEnvironmental Accounts$2imf 606 $aLabor Economics: General$2imf 606 $aEmployment$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aLabor Contracts$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aLabor share$2imf 606 $aNational income$2imf 606 $aEmployment protection$2imf 606 $aLabor economics$2imf 606 $aEconomic theory$2imf 606 $aManpower policy$2imf 607 $aUnited States$2imf 615 0$aNational income$xEconometric models. 615 0$aForeign trade and employment 615 0$aWages and labor productivity 615 0$aEmployees$xEffect of technological innovations on 615 0$aWages$xEffect of technological innovations on 615 0$aWage bargaining 615 0$aGlobalization. 615 7$aLabor 615 7$aMacroeconomics 615 7$aWages, Compensation, and Labor Costs: General 615 7$aMeasurement and Data on National Income and Product Accounts and Wealth 615 7$aEnvironmental Accounts 615 7$aLabor Economics: General 615 7$aEmployment 615 7$aUnemployment 615 7$aWages 615 7$aIntergenerational Income Distribution 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aLabor Contracts 615 7$aLabour 615 7$aincome economics 615 7$aLabor share 615 7$aNational income 615 7$aEmployment protection 615 7$aLabor economics 615 7$aEconomic theory 615 7$aManpower policy 700 $aGuscina$b Anastasia$01493507 712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788412403321 996 $aEffects of Globalization on Labor?s Share in National Income$93802260 997 $aUNINA