Umfang:
Online-Ressource (33 p)
Ausgabe:
Online-Ausg.
ISBN:
1451865546
,
9781451865547
Serie:
IMF Working Papers Working Paper No. 06/294
Inhalt:
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
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Guscina, Anastasia Effects of Globalization on Labor's Share in National Income Washington, D.C. : International Monetary Fund, 2006 ISBN 9781451865547
Sprache:
Englisch
DOI:
10.5089/9781451865547.001
