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We investigate the long-term drivers of the labor share in Japan using data from the Japanese Industrial Productivity database from 1970 to 2012. The descriptive and econometric results indicate that the decline in the labor share observed in Japan during the period of analysis was highly...
Persistent link: https://www.econbiz.de/10011936089
This paper considers a two sectors heterogeneous firms model where firms' specific production technology and capital …
Persistent link: https://www.econbiz.de/10012211092
past decades, and that deindustrialization has often set in at historically low levels of income. However, there is little … out "premature deindustrialization": first, it is mostly unskilled jobs that have disapp eared, and also the wage premium …, premature deindustrialization has been driven by occupations which are intensive in tasks that are vulnerable to an increasing …
Persistent link: https://www.econbiz.de/10012025990
Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...
Persistent link: https://www.econbiz.de/10009548636
Communication Technology) reduce the labor share in OECD countries by improving the monitoring technology. In a first step, I show … and foreign work, but also through to lowering rents of workers as monitoring technology improves …
Persistent link: https://www.econbiz.de/10013119033
theoretically and empirically two mechanisms: the substitution between Information Communication Technology (ICT) and labour and the …
Persistent link: https://www.econbiz.de/10011719015
-run evolution of the labor share using the estimated production technology parameters. I decompose aggregate labor share changes …
Persistent link: https://www.econbiz.de/10014255598
We propose a theory-based adjustment to the labor income share to correct for the self-employment bias. Through a two-sector neoclassical framework with agriculture and non-agriculture, we derive the productivity-adjusted aggregate labor income share in terms of the agricultural productivity...
Persistent link: https://www.econbiz.de/10012242624
Despite steady growth of the literature on labor income share, empirical studies are mostly limited to country-level analyses. At the sectoral level, data on labor income share are available only for advanced countries. This paper overcomes this constraint and provides some preliminary outcomes...
Persistent link: https://www.econbiz.de/10011904497
Micro-level studies provide insightful knowledge on the drivers of the labor income share. This paper introduces a novel firm-level dataset on the labor income share. Using the World Bank Enterprise Survey data, we put together an unbalanced panel comprising 146,666 firms from 139 countries and...
Persistent link: https://www.econbiz.de/10012149054