Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

Released on by Mai Chi Dao
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  • Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence Book Detail

  • Author : Mai Chi Dao
  • Release Date : 2017-07-24
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 70
  • ISBN 13 : 1484311043
  • File Size : 45,45 MB
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Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence by Mai Chi Dao PDF Summary

Book Description: This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with varying exposure to routine occupations, explains about half the overall decline in advanced economies, with a larger negative impact on middle-skilled workers. In emerging markets, the labor share evolution is explained predominantly by global integration, particularly the expansion of global value chains that contributed to raising the overall capital intensity in production.

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Labor Income Share

Labor Income Share

File Size : 48,48 MB
Total View : 7567 Views
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This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, w

Labor Income Share

Labor Income Share

File Size : 42,42 MB
Total View : 3823 Views
DOWNLOAD

This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, w