How Has The Globalization Of Labor Affected The Labor Income Share In Advanced Countries
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How Has The Globalization Of Labor Affected The Labor Income Share In Advanced Countries
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Author : Irina Tytell
language : en
Publisher:
Release Date : 2014
How Has The Globalization Of Labor Affected The Labor Income Share In Advanced Countries written by Irina Tytell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a trans-log revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982-2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors.
How Has The Globalization Of Labor Affected The Labor Income Share In Advanced Countries
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Author : Irina Tytell
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2007-12-01
How Has The Globalization Of Labor Affected The Labor Income Share In Advanced Countries written by Irina Tytell and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with categories.
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors.
How Has The Globalization Of Labor Affected The Labor Share In Advanced Countries
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Author : Florence Jaumotte
language : en
Publisher:
Release Date : 2007
How Has The Globalization Of Labor Affected The Labor Share In Advanced Countries written by Florence Jaumotte and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Foreign trade and employment categories.
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors.
Imf Working Papers
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2008
Imf Working Papers written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Imf Working Papers
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2008
Imf Working Papers written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Electronic books categories.
Effects Of Globalization On Labor S Share In National Income
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Author : Anastasia Guscina
language : en
Publisher: International Monetary Fund
Release Date : 2006-12
Effects Of Globalization On Labor S Share In National Income written by Anastasia Guscina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-12 with Business & Economics categories.
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy.
Why Is Labor Receiving A Smaller Share Of Global Income Theory And Empirical Evidence
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Author : Mai Chi Dao
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-24
Why Is Labor Receiving A Smaller Share Of Global Income Theory And Empirical Evidence written by Mai Chi Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-24 with Business & Economics categories.
This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with varying exposure to routine occupations, explains about half the overall decline in advanced economies, with a larger negative impact on middle-skilled workers. In emerging markets, the labor share evolution is explained predominantly by global integration, particularly the expansion of global value chains that contributed to raising the overall capital intensity in production.
The Effect Of Globalization On Wages In The Advanced Economies
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Author : Matthew J. Slaughter
language : en
Publisher:
Release Date : 2008
The Effect Of Globalization On Wages In The Advanced Economies written by Matthew J. Slaughter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Increased globalization--the international integration of markets for goods, factors, and technology--has coincided in the past two decades with a shift in labor demand away from less-skilled workers toward those with more skills. This shift in labor demand has produced a widening of the gap in wages between the two groups of workers, along with rises in income inequality and unemployment, primarily among low-skilled workers. This paper summarizes research on the connection between globalization and labor markets in the advanced economies. Much of the concern about the effects of globalization has focused on the impact of imports from developing countries on wages, employment, and income inequality. However, the consensus of empirical research is that increased trade accounts for only about 10 to 20 percent of the changes in wages and income distribution in the advanced economies. The more important influence on labor markets in the 1980's and 1990's has been a technology-driven shift in labor demand away from less-skilled workers and towards more-skilled workers. This has resulted in increased wage inequality in some countries and in lower relative employment among unskilled workers in others. Increased capital mobility, including the "outsourcing" of production to low-wage countries, as well as immigration from developing countries to the advanced economies appear to have had only modest effects on labor markets in the advanced economies. Nonetheless, increased globalization can increase the sensitivity of wages and employment to external shocks and thereby contribute to increased job insecurity. Moreover, the burden of adjusting to changes in the global economy falls most heavily on low-skilled workers. Policymakers must keep in mind potential social dislocations from these changes and ensure that those who are displaced do not become marginalized. It is important, however, that any policy actions do not impede adjustment, but rather provide incentives for workers and firms to adjust to and therefore gain from changes in the global economic environment.
Globalization And Inequality In Advanced Economies
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Author : Joël Hellier
language : en
Publisher: Springer Nature
Release Date : 2023-06-23
Globalization And Inequality In Advanced Economies written by Joël Hellier and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-23 with Business & Economics categories.
This volume surveys and combines the different dimensions of globalization so as to propose a general diagnosis of the way they interact to explain growing inequality in advanced economies. The extant economic literature has widely analyzed (i) the impact on inequality of trade between advanced and emerging countries (North-South Trade), particularly offshoring, (ii) the impact of tax base mobility on tax competition and (iii) the globalization-driven constraints on social policies and labor market institutions. Those three strands of analysis and the related literature have been reviewed in a number of surveys but have not been combined to provide an extensive study of the impact of their interactions on inequality. This volume fills that gap. Providing a general diagnosis of the globalization-inequality nexus within advanced economies and opening new avenues for research and potential reforms, this book will be of interest to researchers and students of economics and the social sciences.
Globalization Wages And The Quality Of Jobs
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Author : Raymond Robertson
language : en
Publisher: World Bank Publications
Release Date : 2009
Globalization Wages And The Quality Of Jobs written by Raymond Robertson and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Trade liberalization holds both promises and perils for workers around the world. This book uses a new analytical framework to show that while globalization has been associated with improvements in working conditions in the exposed sectors (apparel and textile), questions remain about the durability and generalization of such improvements.