Labors Share Of Income
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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 | : 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 | : 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 | : 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 | : Edward Carhart Budd |
Publisher | : |
Total Pages | : 728 |
Release | : 1954 |
Genre | : Income |
ISBN | : |
Download Labor's Share of the National Income Book in PDF, Epub and Kindle
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 | : Alan B. Krueger |
Publisher | : |
Total Pages | : 13 |
Release | : 1999 |
Genre | : Income distribution |
ISBN | : |
Download Measuring Labor's Share Book in PDF, Epub and Kindle
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 | : Arnold Saul Corrigan |
Publisher | : |
Total Pages | : |
Release | : 1947 |
Genre | : |
ISBN | : |
Download Labor's Share in the National Income Book in PDF, Epub and Kindle
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.