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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/10011944259
This paper provides novel empirical evidence on the role of trade and structural transformation as potential drivers of the labor income share. Using cross-country data, both at the national and sectoral level, we find that trade openness is negatively correlated with the labor income share. The...
Persistent link: https://www.econbiz.de/10011944277
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
Despite its long pedigree, studies on the role of the substitution elasticity between capital and labor mostly assume a homogeneous labor market. This paper extends this literature by considering a heterogeneous labor market with capital-skill complementarity. Technological advancement, global...
Persistent link: https://www.econbiz.de/10011927800
This paper provides novel empirical evidence on the role of trade and structural transformation as potential drivers of the labor income share. Using cross-country data, both at the national and sectoral level, we find that trade openness is negatively correlated with the labor income share. The...
Persistent link: https://www.econbiz.de/10011936036
Persistent link: https://www.econbiz.de/10012196764
Persistent link: https://www.econbiz.de/10015050577
The movement of workers from the farm sector to a more productive nonfarm sector has failed to generate significant gains in labor productivity in recent decades in many developing countries. This paper offers a new perspective on the barriers to growth-enhancing structural transformation,...
Persistent link: https://www.econbiz.de/10012603600
Persistent link: https://www.econbiz.de/10011590213