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Has the labor share declined? And what is the impact of international trade? These questions are not only relevant in an international context they also matter for understanding the regional distribution of incomes in a given country. In this paper, we study two regions with trade exposures that...
Persistent link: https://www.econbiz.de/10010270653
We examine the sources and micro-level mechanisms of the changes in the labor share of value added. We link the micro-level dynamics of the labor share change with that of productivity and wage growth. Using a useful variant of the decomposition method we make a distinction between the change in...
Persistent link: https://www.econbiz.de/10010273032
Persistent link: https://www.econbiz.de/10010281476
This paper investigates determinants of changes of the labor share in developed countries with a focus on Western Europe. Using a country-industry panel that covers the private sector, the paper focuses on long and short-run changes within industries. The results show a large and time-persistent...
Persistent link: https://www.econbiz.de/10010281547
that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …
Persistent link: https://www.econbiz.de/10010270632
The recent debate on trends in inequality in industrial countries has been marred by the lack of consensus about the relevant concept of inequality. Labour economists are concerned with inequality in earnings, macroeconomists with movements in the wage share, while policy-makers tend to focus on...
Persistent link: https://www.econbiz.de/10010335535
Persistent link: https://www.econbiz.de/10010335719
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10010368155
fortgeschrittenen Volkswirtschaften verantwortlich gemacht. Dadurch hat auch die Analyse der makroökonomischen Einkommensverteilung in … hin zu Kapitaleinkommen, bleibt dies nicht ohne Auswirkungen auf die personelle Einkommensverteilung und ihre Wahrnehmung … Vierteljahrhundert keinen breit angelegten und durchgängigen Rückgang der Lohnquote. Vielmehr ist in den 18 betrachteten Ländern kein …
Persistent link: https://www.econbiz.de/10011645545
Persistent link: https://www.econbiz.de/10011886271