LEADER 06438oam 22011294 450 001 9910816279803321 005 20240410162137.0 010 $a1-4623-7498-0 010 $a1-4527-3597-2 010 $a1-283-51494-X 010 $a9786613827395 010 $a1-4519-1314-1 035 $a(CKB)3360000000443667 035 $a(EBL)1607681 035 $a(SSID)ssj0000944142 035 $a(PQKBManifestationID)11559077 035 $a(PQKBTitleCode)TC0000944142 035 $a(PQKBWorkID)10982920 035 $a(PQKB)10237254 035 $a(MiAaPQ)EBC1607681 035 $a(Au-PeEL)EBL1607681 035 $a(CaONFJC)MIL382739 035 $a(OCoLC)870245214 035 $a(MiAaPQ)EBC3012508 035 $a(IMF)WPIEE2007298 035 $a(IMF)WPIEA2007298 035 $a(EXLCZ)993360000000443667 100 $a20020129d2007 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aHow Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries? /$fFlorence Jaumotte, Irina Tytell 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2007. 215 $a1 online resource (56 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4518-6861-8 327 $aContents; I. Introduction; II. How Globalized is Labor; III. How Has The Globalization of Labor Affected Workers in Advanced Economies?; IV. Labor Share and the Globalization of Labor: An Empirical Examination; A. Explaining the Labor Share; B. Empirical Methodology; C. Estimation Results; V. The Story Behind the Decline of the Labor Share; VI. Labor Compensation Per Worker, Employment, and Labor Globalization: What Can We Say?; VII. Summary and Policy Implications; Appendix; I. Data Sources and Methods; II. Derivation of the Empirical Model; Tables 327 $a1. Impact of Labor Globalization and Technological Change on Labor Shares: Main Results2. Impact of Labor Globalization and Technological Change on Labor Shares: Alternative Specifications; 3. Impact of Labor Globalization and Technological Change on Skilled and Unskilled Labor Shares; 4. Classification of Sectors by Skill Intensity; Figures; 1. Alternative Measures of Global Labor Supply; 2. Immigration and Trade; 3. Change in the Share of Foreign Labor Force in Total Labor Force by Skill Level, 1990-2000; 4. Share of Developing Countries in Trade 327 $a5. Developing Countries: Exports of Skilled Manufacturing Goods and Services6. Offshoring by Advanced Economies; 7. Advanced Economies: Offshoring by Category of Inputs; 8. Advanced Economies: Labor Income Shares; 9. Advanced Economies: Labor Compensation and Employment; 10. Advanced Economies: Labor Compensation and Employment in Skilled and Unskilled Sectors; 11. Catch-Up by Emerging Markets' Manufacturing Wages; 12. Information and Communications Technology (ICT) Capital, Patents, and Labor Market Indicators; 13. Partial Correlations; 14a. Explaining the Annual Change in the Labor Share 327 $a14b. Decomposition of Labor Globalization Effects on the Labor Share15. Explaining the Annual Change in the Labor Share by Skill Level; 16. Effect of Changes in Trade Prices on Labor Compensation per Worker and Employment; 17. Advanced Economies' Labor Income Share, Labor Compensation, and Employment: Robustness to Alternative Skill Classification; References 330 3 $aLabor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2007/298 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aWages, Compensation, and Labor Costs: General$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 Force and Employment, Size, and Structure$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aLabor share$2imf 606 $aLabor force$2imf 606 $aLabor markets$2imf 606 $aLabor economics$2imf 606 $aLabor market$2imf 606 $aEconomic theory$2imf 606 $aIncome economics$2imf 607 $aUnited States$2imf 615 7$aLabor 615 7$aMacroeconomics 615 7$aWages, Compensation, and Labor Costs: General 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 Force and Employment, Size, and Structure 615 7$aDemand and Supply of Labor: General 615 7$aLabour 615 7$aincome economics 615 7$aLabor share 615 7$aLabor force 615 7$aLabor markets 615 7$aLabor economics 615 7$aLabor market 615 7$aEconomic theory 615 7$aIncome economics 676 $a658.049 700 $aJaumotte$b Florence$01183852 701 $aTytell$b Irina$01722098 801 0$bDcWaIMF 906 $aBOOK 912 $a9910816279803321 996 $aHow Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries$94122190 997 $aUNINA