Labor's Share in the National Income
Author | : Arnold Saul Corrigan |
Publisher | : |
Total Pages | : |
Release | : 1947 |
Genre | : |
ISBN | : |
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Author | : Arnold Saul Corrigan |
Publisher | : |
Total Pages | : |
Release | : 1947 |
Genre | : |
ISBN | : |
Author | : Edward Carhart Budd |
Publisher | : |
Total Pages | : 728 |
Release | : 1954 |
Genre | : Income |
ISBN | : |
Author | : Anastasia Guscina |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2006-12 |
Genre | : Business & Economics |
ISBN | : |
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy.
Author | : Mai Chi Dao |
Publisher | : International Monetary Fund |
Total Pages | : 70 |
Release | : 2017-07-25 |
Genre | : Business & Economics |
ISBN | : 1484313054 |
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 | : Ashok Mitra |
Publisher | : |
Total Pages | : 174 |
Release | : 1980 |
Genre | : Business & Economics |
ISBN | : |
Monograph on the share of wages in national income - examines the macroeconomic theory of aggregate income distribution, covers the relative share of production factors, the Douglas production function, methodology for measurement of the degree of monopoly, etc., and analyses historical data on income distribution in the UK from 1870 to 1938. Graphs, references and statistical tables.
Author | : Tali Kristal |
Publisher | : |
Total Pages | : 346 |
Release | : 2008 |
Genre | : |
ISBN | : |
Author | : Alan B. Krueger |
Publisher | : |
Total Pages | : 13 |
Release | : 1999 |
Genre | : Income distribution |
ISBN | : |
This paper considers conceptual and practical issues that arise in measuring labor's share of national income. Most importantly: How are workers defined? How is compensation defined? The current definition of labor compensation used the Bureau of Economic Analysis (BEA) includes the salary of business owners and payments to retired workers in labor compensation. An alternative series to the BEA's standard series is presented. In addition, a simple method for decomposing labor compensation into a component due to raw labor' and a component due to human capital is presented. Raw labor's share of national income is estimated using Census and CPS data. The share of national income attributable to raw labor increased from 9.6 percent to 13 percent between 1939 and 1959, remained at 12-13 percent between 1959 and 1979, and fell to 5 percent by 1996
Author | : Saumik Paul |
Publisher | : Palgrave Macmillan |
Total Pages | : 281 |
Release | : 2021-10-16 |
Genre | : Business & Economics |
ISBN | : 9789811568626 |
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 |
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 |
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.