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Data, measurement and initiatives for inclusive digitalization and future of work

Nofal, María B.; Coremberg, Ariel; Sartorio, Luca - 2018

As the pace of digitalization and automation accelerates globally, and more disruptive innovations in machine learning, artificial intelligence and robotics are expected, new data sources and measurement tools are needed to complement existing valuable statistics and administrative data. This is...

Persistent link: https://www.econbiz.de/10011908122

The labor share of income around the world : evidence from a panel dataset

Guerriero, Marta - 2019

There are two fundamental reasons why factor shares have traditionally been overlooked in the economic literature. First, because of their nature, factor shares are conceptually difficult to define and measure. Second, they have for a long time been perceived as constant across time and space....

Persistent link: https://www.econbiz.de/10011964265

The Labor Share of Income around the World : Evidence from a Panel Dataset

Guerriero, Marta - 2019

Persistent link: https://www.econbiz.de/10012890090

Revisiting the Global Decline of the (Non-Housing) Labor Share

Gutierrez Gallardo, German - 2020

We show that cross-country comparisons of corporate labor shares are affected by differences in the delineation of corporate sectors. While the US excludes all self-employed and most dwellings from the corporate sector, other countries include large amounts of both — biasing labor shares...

Persistent link: https://www.econbiz.de/10012848542

Revisiting the Global Decline of the (Non-Housing) Labor Share

Gutierrez Gallardo, German - 2020

We identify two undocumented measurement challenges affecting corporate sector labor shares outside the United States: the inclusion of dwellings and the inclusion of self-employed workers in the corresponding sectoral accounts. Both issues have become more important over time, biasing corporate...

Persistent link: https://www.econbiz.de/10012849291

The Global Rise of Asset Prices and the Decline of the Labor Share

González, Ignacio - 2019

financial assets crowds out capital formation. The negative impact of asset prices on the capital-output ratio contributes to … decline of the labor share if capital and labor are aggregate complements. Based on a common factor model, we find that this … same theoretical channel: capital income taxes, capitalized market power rents and corporate governance frictions …

Persistent link: https://www.econbiz.de/10012901922

Declining Labor Shares and the Global Rise of Corporate Savings

Karabarbounis, Loukas - 2012

. We calibrate the shape of the production function and the capital market imperfections to match the cross … of the observed changes in labor shares and corporate savings. The non-unitary elasticity of substitution between capital … and labor interacts with imperfections in the capital market to jointly shape the economy's dynamics …

Persistent link: https://www.econbiz.de/10013105240

Increasing and decreasing labor shares : cross-country differences in the XXI century

Aum, Sangmin; Koh, Dongya; Santaeulàlia-Llopis, Raül - 2019

Persistent link: https://www.econbiz.de/10012207411

Growth facts with intellectual property products : an exploration of 31 OECD new national accounts

Aum, Sangmin; Koh, Dongya; Santaeulàlia-Llopis, Raül - 2018

Persistent link: https://www.econbiz.de/10011875758

Financial globalization and the labor share in developing countries : the type of capital matters

Treeck, Katharina van; Wacker, K. M. - 2017

countries. Our main argument is the need to distinguish between different types of capital in this context, as different forms … concerning their bargaining power vis-à-vis labor. Assuming an aggregate elasticity of substitution between capital and labor …

Persistent link: https://www.econbiz.de/10011581740

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