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Labor-share dynamics: The role of import competition
Paulie, Charlotte - 2021
deviation increase in import penetration results in a 1.12 percentage point increase in welfare. …Does increasing product-market competition from foreign firms affect domestic labor shares? By combining detailed … Swedish firm-level data with an instrumental variable design, I show that an increase in import penetration caused by …
Persistent link: https://www.econbiz.de/10012660630
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Micro-mechanisms behind declining labour shares : market power, production processes, and global competition
Mertens, Matthias - 2019
This article investigates how changing production processes and increasing market power at the firm level relate to a fall in Germany’s manufacturing sector labour share. Coinciding with the fall of the labour share, I document a rise in firms’ product and labour market power. Notably,...
Persistent link: https://www.econbiz.de/10011975260
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Trade's impact on the labor share : evidence from German and Italian regions
Buch, Claudia M.; Monti, Paola; Toubal, Farid - 2008
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/10003867593
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On the Welfare Implications of Automation
Eden, Maya - 2016
We study the effects of information and communication technologies (ICT) on the distribution of income across factors of production in the United States. Since the 1950s, the income share of ICT saw a seven-fold increase, while it has remained trendless for other types of capital. In parallel,...
Persistent link: https://www.econbiz.de/10013006484
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Institutions, deindustrialization, and functional income distribution in Japan
Fukao, Kyōji; Perugini, Cristiano - 2018
We investigate the long-term drivers of the labor share in Japan using data from the Japanese Industrial Productivity database from 1970 to 2012. The descriptive and econometric results indicate that the decline in the labor share observed in Japan during the period of analysis was highly...
Persistent link: https://www.econbiz.de/10011936089
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Empirical studies
Giovannoni, Olivier - 2014
In this second part of our study we survey the rapidly expanding empirical literature on the determinants of the functional distribution of income. Three major strands emerge: technological change, international trade, and financialization. All contribute to the fluctuations of the labor share,...
Persistent link: https://www.econbiz.de/10010356672
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Trade's impact on the labor share: Evidence from German and Italian regions
Buch, Claudia M.; Monti, Paola; Toubal, Farid - 2008
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
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Is Software Eating the World?
Aum, Sangmin; Shin, Yongseok - National Bureau of Economic Research - 2024
When explaining the declining labor income share in advanced economies, the macro literature finds that the elasticity of substitution between capital and labor is greater than one. However, the vast majority of micro-level estimates shows that capital and labor are complements (elasticity less...
Persistent link: https://www.econbiz.de/10014576620
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International trade and tax-motivated transfer pricing
Quint, Ansgar F.; Rudsinske, Jonas F. - 2020
We study the welfare and distribution effects of corporate taxation and transfer pricing in an asymmetric general … oligopolistic equilibrium trade model. Without profit shifting, an increasing profit tax rate shifts welfare towards the taxing …
Persistent link: https://www.econbiz.de/10012300446
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International trade and tax-motivated transfer pricing
Quint, Ansgar F.; Rudsinske, Jonas F. - 2020
We study the welfare and distribution effects of corporate taxation and transfer pricing in an asymmetric general … oligopolistic equilibrium trade model. Without profit shifting, an increasing profit tax rate shifts welfare towards the taxing …
Persistent link: https://www.econbiz.de/10012300785