Labor Income Share
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| Author | : Saumik Paul |
| Publisher | : Palgrave Macmillan |
| Total Pages | : 281 |
| Release | : 2021-10-16 |
| Genre | : Business & Economics |
| ISBN | : 9789811568626 |
Download Labor Income Share Book in PDF, Epub and Kindle
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, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
| Author | : Gary Fields |
| Publisher | : Springer |
| Total Pages | : 267 |
| Release | : 2019-08-09 |
| Genre | : Business & Economics |
| ISBN | : 9811378037 |
Download Labor Income Share in Asia Book in PDF, Epub and Kindle
This is the first study that puts together a comprehensive and in-depth analysis of the drivers of the labor income share across a number of countries in Asia. This book provides an insightful companion to the study of labor income shares that plays a vital role in understanding the relationship between national income and personal income, and the relationship between wage inequality and wealth inequality. The timing of the book is ideal, as the ongoing debate over a global decline in the labor income share is far from settled. To this extent, evidence from the Asian countries is mixed. The labor income share in some Asian countries has been rising since the 1990s. The purpose of this edited volume is to gain more insights on the potential drivers of the Asian experience. The first half of the book pays attention to the measurement problems related to the earnings of self-employed and workers in the informal sector. Then it puts together country case studies examining a wide range of factors driving the labor income share in Asia.
| Author | : Saumik Paul |
| Publisher | : Springer Nature |
| Total Pages | : 281 |
| Release | : 2020-10-01 |
| Genre | : Business & Economics |
| ISBN | : 981156860X |
Download Labor Income Share Book in PDF, Epub and Kindle
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, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
| Author | : Engelbert Stockhammer |
| Publisher | : Springer |
| Total Pages | : 329 |
| Release | : 2013-12-03 |
| Genre | : Business & Economics |
| ISBN | : 1137357932 |
Download Wage-Led Growth Book in PDF, Epub and Kindle
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
| Author | : Mai Chi Dao |
| Publisher | : International Monetary Fund |
| Total Pages | : 70 |
| Release | : 2017-07-24 |
| Genre | : Business & Economics |
| ISBN | : 1484311043 |
Download Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence Book in PDF, Epub and Kindle
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.
| Author | : Saumik Paul |
| Publisher | : |
| Total Pages | : |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
Download Understanding the Global Decline in the Labor Income Share Book in PDF, Epub and Kindle
Globally, the share of income going to labor (the “labor income share”) is declining. However, this aggregate decline hides more than it reveals. While the labor income share has decreased for low-skilled workers, this has been concurrent with an increase for high-skilled workers. Globalization leading to a growing skill premium and an increasing complementarity between capital and skill through the advancement of technology explains the polarization of labor income shares across the skill spectrum.
| Author | : Lequiller François |
| Publisher | : OECD Publishing |
| Total Pages | : 520 |
| Release | : 2014-10-20 |
| Genre | : |
| ISBN | : 9264214631 |
Download Understanding National Accounts Second Edition Book in PDF, Epub and Kindle
This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.
| Author | : Mr.Yasser Abdih |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2017-07-25 |
| Genre | : Business & Economics |
| ISBN | : 148431297X |
Download What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data Book in PDF, Epub and Kindle
The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data set on the task characteristics of occupations, the U.S. input-output tables, and the Current Population Survey, we find that in addition to changes in labor institutions, technological change and different forms of trade integration lowered the labor share. In particular, the fall was largest, on average, in industries that saw: a high initial intensity of “routinizable” occupations; steep declines in unionization; a high level of competition from imports; and a high intensity of foreign input usage. Quantitatively, we find that the bulk of the effect comes from changes in technology that are linked to the automation of routine tasks, followed by trade globalization.
| Author | : Clark Kerr |
| Publisher | : |
| Total Pages | : 39 |
| Release | : 1957 |
| Genre | : |
| ISBN | : |
Download Labor's Income Share and the Labor Movement Book in PDF, Epub and Kindle
| Author | : Jakub Growiec |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2019 |
| Genre | : Income distribution |
| ISBN | : |
Download On the Optimal Labor Income Share Book in PDF, Epub and Kindle
Labor's share of income has attracted interest in recent years reflecting its apparent protracted decline. These falls, witnessed across many countries, are usually deemed undesirable. Any such assertion, however, begs the question of what is the socially optimal labor share. We address this question using a micro-founded endogenous growth model calibrated on US data. We find that in our central calibration the socially optimal labor share is 17% (11 pp) above the decentralized equilibrium, calibrated to match the average observed in history. We also study the dependence of both long-run growth equilibria on model parameters and relate our results to Piketty's "laws of capitalism". Finally, we demonstrate that cyclical movements in factor income shares are socially optimal and that the decentralized equilibrium typically does not generate excess volatility.
