Effects of Globalization on Labor’s Share in National Income / / Anastasia Guscina

• Autore: Guscina Anastasia
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (35 p.)
• Soggetto topico: National income - Developed countries - Econometric models; Foreign trade and employment - Developed countries; Wages and labor productivity - Developed countries; Employees - Effect of technological innovations on - Developed countries; Wages - Effect of technological innovations on - Developed countries; Wage bargaining - Developed countries; Globalization; Labor; Macroeconomics; Wages, Compensation, and Labor Costs: General; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts; Labor Economics: General; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; Labor Contracts; Labour; income economics; Labor share; National income; Employment protection; Labor economics; Economic theory; Manpower policy
• Soggetto geografico: United States
• Note generali: "December 2006."
• Nota di bibliografia: Includes bibliographical references (p. 32-33).
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Effects of Globalization on Labor’s Share in National Income
• ISBN: 1-4623-0640-3; 1-4527-0775-8; 1-283-43772-4; 9786613823625; 1-4519-1007-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788412403321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/294