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, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … intertwined linkage among globalization, technology and the elasticity of substitution should be taken into account in any policy … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …
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employment protection, unemployment benefits and unemployment benefits have been the main contributors. Technology and … globalization hurt sectors where jobs are routinizable but helped others that require specialized skills. High-skilled professionals … share owing to globalization and the erosion of labor market safety nets …
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with an increase for high-skilled workers. Globalization leading to a growing skill premium and an increasing … complementarity between capital and skill through the advancement of technology explains the polarization of labor income shares …
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