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Autore: | Guscina Anastasia |
Titolo: | Effects of globalization on labor's share in national income / / prepared by Anastasia Guscina |
Pubblicazione: | [Washington, D.C.], : International Monetary Fund, 2006 |
Edizione: | 1st ed. |
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 | |
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.: | 9910821247903321 |
Lo trovi qui: | Univ. Federico II |
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