How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?:
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the shar...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 07/298 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors |
| Beschreibung: | 1 Online-Ressource (54 p) |
| ISBN: | 1451868618 9781451868616 |
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| index_date | 2024-07-03T20:13:24Z |
| indexdate | 2024-07-10T09:35:33Z |
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| spelling | Jaumotte, Florence Verfasser aut How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Jaumotte, Florence Washington, D.C International Monetary Fund 2007 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/298 Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors Online-Ausg Tytell, Irina Sonstige oth http://elibrary.imf.org/view/IMF001/08891-9781451868616/08891-9781451868616/08891-9781451868616.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Jaumotte, Florence How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title_auth | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title_exact_search | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title_exact_search_txtP | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title_full | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Jaumotte, Florence |
| title_fullStr | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Jaumotte, Florence |
| title_full_unstemmed | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Jaumotte, Florence |
| title_short | How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? |
| title_sort | how has the globalization of labor affected the labor income share in advanced countries |
| url | http://elibrary.imf.org/view/IMF001/08891-9781451868616/08891-9781451868616/08891-9781451868616.xml |
| work_keys_str_mv | AT jaumotteflorence howhastheglobalizationoflaboraffectedthelaborincomeshareinadvancedcountries AT tytellirina howhastheglobalizationoflaboraffectedthelaborincomeshareinadvancedcountries |