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Financial development and inequality in the global economy
Ehrlich, Maximilian von; Seidel, Tobias - 2016
development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage … inequality and unemployment. In contrast, if there are many high-productive firms (those that export), financial development may … have opposite effects - especially if trade costs are low. In sum, the implications of financial development for inequality …
Persistent link: https://www.econbiz.de/10011430585
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Financial development and inequality in the global economy
Ehrlich, Maximilian von; Seidel, Tobias - 2016
development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage … inequality and unemployment. In contrast, if there are many highproductive firms (those that export), financial development may … have opposite effects - especially if trade costs are low. In sum, the implications of financial development for inequality …
Persistent link: https://www.econbiz.de/10011434439
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What determines the share of labour in national income? A cross-country analysis
Guerriero, Marta; Sen, Kunal - 2012
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/10010283932
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What determines the share of labour in national income? : a cross-country analysis
Guerriero, Marta; Sen, Kunal - 2012
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
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Globalization and income inequality : the role of transmission mechanisms
Hennighausen, Tanja - 2014
market outcomes (transmission channels) and to test how these translate into a greater (or smaller) income inequality …
Persistent link: https://www.econbiz.de/10010354569
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Are your labor shares set in Beijing? : the view through the lens of global value chains
Reshef, Ariell; Santoni, Gianluca - 2022
We study the evolution of labor shares in 1995-2014, while taking into account international trade based on value added concepts. Declines in labor shares accelerate in 2001-2007, concurrently with global value chain (GVC) integration, after which there is no trend for both. We develop a...
Persistent link: https://www.econbiz.de/10013285571
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Bargaining, openness and the labor share
Schneider, Dorothee - 2011
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/10009349135
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Automation, global value chains and functional specialization
Fontagné, Lionel; Reshef, Ariell; Santoni, Gianluca; … - 2023
We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...
Persistent link: https://www.econbiz.de/10013549118
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Automation, Global Value Chains and Functional Specialization
Fontagné, Lionel Gérard; Reshef, Ariell; Santoni, Gianluca - 2023
We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999–2011. Our main contribution is to highlight the indirect effect of...
Persistent link: https://www.econbiz.de/10014260701
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Economic Insecurity in the New Wave of Globalization : Offshoring and the Labor Share Under Varieties of Capitalism
Milberg, William - 2010
Countries subject to the same degree of exposure to globalization may experience very different levels of economic insecurity depending on social support or employment protections provided by the state or even due to insurance obtained by households. We identify five varieties of industrialized...
Persistent link: https://www.econbiz.de/10013141331