Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share:
We examine the determinants of the within-industry decline of the labour share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth - which captures (albeit imprecisely) capital-augmenting or...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Paris
OECD Publishing
2012
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Schriftenreihe: | OECD Social, Employment and Migration Working Papers
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Schlagworte: | |
Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
Zusammenfassung: | We examine the determinants of the within-industry decline of the labour share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth - which captures (albeit imprecisely) capital-augmenting or labour-replacing technical change - and capital deepening jointly account for as much as 80% of the within-industry contraction of the labour share. We also find that other important factors are privatisation of state-owned enterprises and the increase in international competition as well as off-shoring of intermediate stages of the production process. By contrast, we are unable to detect any effect from increases in domestic competition brought about by entry deregulation |
Beschreibung: | 1 Online-Ressource (42 Seiten) 21 x 29.7cm |
DOI: | 10.1787/5k95zqsf4bxt-en |
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Datensatz im Suchindex
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spelling | Bassanini, Andrea Verfasser aut Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share Andrea Bassanini and Thomas Manfredi Paris OECD Publishing 2012 1 Online-Ressource (42 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Social, Employment and Migration Working Papers We examine the determinants of the within-industry decline of the labour share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth - which captures (albeit imprecisely) capital-augmenting or labour-replacing technical change - and capital deepening jointly account for as much as 80% of the within-industry contraction of the labour share. We also find that other important factors are privatisation of state-owned enterprises and the increase in international competition as well as off-shoring of intermediate stages of the production process. By contrast, we are unable to detect any effect from increases in domestic competition brought about by entry deregulation Employment Social Issues/Migration/Health Manfredi, Thomas ctb https://doi.org/10.1787/5k95zqsf4bxt-en Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Bassanini, Andrea Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share Employment Social Issues/Migration/Health |
title | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share |
title_auth | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share |
title_exact_search | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share |
title_exact_search_txtP | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share |
title_full | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share Andrea Bassanini and Thomas Manfredi |
title_fullStr | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share Andrea Bassanini and Thomas Manfredi |
title_full_unstemmed | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share Andrea Bassanini and Thomas Manfredi |
title_short | Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share |
title_sort | capital s grabbing hand a cross country cross industry analysis of the decline of the labour share |
topic | Employment Social Issues/Migration/Health |
topic_facet | Employment Social Issues/Migration/Health |
url | https://doi.org/10.1787/5k95zqsf4bxt-en |
work_keys_str_mv | AT bassaniniandrea capitalsgrabbinghandacrosscountrycrossindustryanalysisofthedeclineofthelabourshare AT manfredithomas capitalsgrabbinghandacrosscountrycrossindustryanalysisofthedeclineofthelabourshare |