Labour share developments over the past two decades: The role of technological progress, globalisation and "winner-takes-most" dynamics
Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares. This paper analyses the drivers of labour share developments using a combination of industry- and firm-level data. Technologica...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2018
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares. This paper analyses the drivers of labour share developments using a combination of industry- and firm-level data. Technological change in the investment goods-producing sector and greater global value chain participation have compressed labour shares, but the effect of technological change has been significantly less pronounced for high-skilled workers. Countries with falling labour shares have witnessed both a decline at the technological frontier and a reallocation of market shares toward "superstar" firms with low labour shares ("winner-takes-most" dynamics). The decline at the technological frontier mainly reflects the entry of firms with low labour shares into the frontier rather than a decline of labour shares in incumbent frontier firms, suggesting that thus far this process is mainly explained by technological dynamism rather than anti-competitive forces |
| Beschreibung: | 1 Online-Ressource (58 Seiten) |
| DOI: | 10.1787/3eb9f9ed-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047934809 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2018 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/3eb9f9ed-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061275263 | ||
| 035 | |a (OCoLC)1312693014 | ||
| 035 | |a (DE-599)BVBBV047934809 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Schwellnus, Cyrille |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Labour share developments over the past two decades |b The role of technological progress, globalisation and "winner-takes-most" dynamics |c Cyrille Schwellnus ... [et al] |
| 264 | 1 | |a Paris |b OECD Publishing |c 2018 | |
| 300 | |a 1 Online-Ressource (58 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares. This paper analyses the drivers of labour share developments using a combination of industry- and firm-level data. Technological change in the investment goods-producing sector and greater global value chain participation have compressed labour shares, but the effect of technological change has been significantly less pronounced for high-skilled workers. Countries with falling labour shares have witnessed both a decline at the technological frontier and a reallocation of market shares toward "superstar" firms with low labour shares ("winner-takes-most" dynamics). The decline at the technological frontier mainly reflects the entry of firms with low labour shares into the frontier rather than a decline of labour shares in incumbent frontier firms, suggesting that thus far this process is mainly explained by technological dynamism rather than anti-competitive forces | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Pak, Mathilde |4 ctb | |
| 700 | 1 | |a Pionnier, Pierre-Alain |4 ctb | |
| 700 | 1 | |a Crivellaro, Elena |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/3eb9f9ed-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033316303 | |
Datensatz im Suchindex
| _version_ | 1818806081636270080 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Schwellnus, Cyrille |
| author2 | Pak, Mathilde Pionnier, Pierre-Alain Crivellaro, Elena |
| author2_role | ctb ctb ctb |
| author2_variant | m p mp p a p pap e c ec |
| author_facet | Schwellnus, Cyrille Pak, Mathilde Pionnier, Pierre-Alain Crivellaro, Elena |
| author_role | aut |
| author_sort | Schwellnus, Cyrille |
| author_variant | c s cs |
| building | Verbundindex |
| bvnumber | BV047934809 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061275263 (OCoLC)1312693014 (DE-599)BVBBV047934809 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/3eb9f9ed-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047934809</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2018 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/3eb9f9ed-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061275263</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312693014</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047934809</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Schwellnus, Cyrille</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Labour share developments over the past two decades</subfield><subfield code="b">The role of technological progress, globalisation and "winner-takes-most" dynamics</subfield><subfield code="c">Cyrille Schwellnus ... [et al]</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2018</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (58 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares. This paper analyses the drivers of labour share developments using a combination of industry- and firm-level data. Technological change in the investment goods-producing sector and greater global value chain participation have compressed labour shares, but the effect of technological change has been significantly less pronounced for high-skilled workers. Countries with falling labour shares have witnessed both a decline at the technological frontier and a reallocation of market shares toward "superstar" firms with low labour shares ("winner-takes-most" dynamics). The decline at the technological frontier mainly reflects the entry of firms with low labour shares into the frontier rather than a decline of labour shares in incumbent frontier firms, suggesting that thus far this process is mainly explained by technological dynamism rather than anti-competitive forces</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pak, Mathilde</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pionnier, Pierre-Alain</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Crivellaro, Elena</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/3eb9f9ed-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033316303</subfield></datafield></record></collection> |
| id | DE-604.BV047934809 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:03Z |
| indexdate | 2024-12-18T19:04:06Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033316303 |
| oclc_num | 1312693014 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (58 Seiten) |
| psigel | ZDB-13-SOC |
| publishDate | 2018 |
| publishDateSearch | 2018 |
| publishDateSort | 2018 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Schwellnus, Cyrille Verfasser aut Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics Cyrille Schwellnus ... [et al] Paris OECD Publishing 2018 1 Online-Ressource (58 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares. This paper analyses the drivers of labour share developments using a combination of industry- and firm-level data. Technological change in the investment goods-producing sector and greater global value chain participation have compressed labour shares, but the effect of technological change has been significantly less pronounced for high-skilled workers. Countries with falling labour shares have witnessed both a decline at the technological frontier and a reallocation of market shares toward "superstar" firms with low labour shares ("winner-takes-most" dynamics). The decline at the technological frontier mainly reflects the entry of firms with low labour shares into the frontier rather than a decline of labour shares in incumbent frontier firms, suggesting that thus far this process is mainly explained by technological dynamism rather than anti-competitive forces Economics Pak, Mathilde ctb Pionnier, Pierre-Alain ctb Crivellaro, Elena ctb https://doi.org/10.1787/3eb9f9ed-en Verlag kostenfrei Volltext |
| spellingShingle | Schwellnus, Cyrille Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics Economics |
| title | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics |
| title_auth | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics |
| title_exact_search | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics |
| title_exact_search_txtP | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics |
| title_full | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics Cyrille Schwellnus ... [et al] |
| title_fullStr | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics Cyrille Schwellnus ... [et al] |
| title_full_unstemmed | Labour share developments over the past two decades The role of technological progress, globalisation and "winner-takes-most" dynamics Cyrille Schwellnus ... [et al] |
| title_short | Labour share developments over the past two decades |
| title_sort | labour share developments over the past two decades the role of technological progress globalisation and winner takes most dynamics |
| title_sub | The role of technological progress, globalisation and "winner-takes-most" dynamics |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/3eb9f9ed-en |
| work_keys_str_mv | AT schwellnuscyrille laboursharedevelopmentsoverthepasttwodecadestheroleoftechnologicalprogressglobalisationandwinnertakesmostdynamics AT pakmathilde laboursharedevelopmentsoverthepasttwodecadestheroleoftechnologicalprogressglobalisationandwinnertakesmostdynamics AT pionnierpierrealain laboursharedevelopmentsoverthepasttwodecadestheroleoftechnologicalprogressglobalisationandwinnertakesmostdynamics AT crivellaroelena laboursharedevelopmentsoverthepasttwodecadestheroleoftechnologicalprogressglobalisationandwinnertakesmostdynamics |