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008 170819t20172017dcu o 000 0 eng d
019 1001443774|a1032578707
020 1484313097
020 1484311043
020 9781484311042
020 9781484313091|q(electronic book)
024 7 10.5089/9781484311042.001|2doi
035 (OCoLC)1001384631|z(OCoLC)1001443774|z(OCoLC)1032578707
040 EBLCP|beng|epn|cEBLCP|dIDEBK|dMERUC|dYDX|dCUY|dOCLCQ|dCEF
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049 RIDW
050 4 HC79.I5|b.D366 2017
082 04 339.2|223
090 HC79.I5|b.D366 2017
100 1 Dao, Mai Chi,|eauthor.
245 10 Why Is Labor Receiving a Smaller Share of Global Income?
Theory and Empirical Evidence /|cby Mai Chi Dao, Mitali
Das, Zsoka Koczan, Weicheng Lian.
264 1 [Washington, D.C.] :|bInternational Monetary Fund,|c[2017]
264 4 |c©2017
300 1 online resource (71 pages).
336 text|btxt|2rdacontent
337 computer|bc|2rdamedia
338 online resource|bcr|2rdacarrier
347 data file|2rda
490 1 IMF Working Paper ;|vWP/17/169
500 "July 2017."
505 0 Cover; Contents; Abstract; I. Introduction; II. Trends in
the Labor Share of Income: Key Facts; III. Drivers of the
Labor Share of Income: Key Concepts and Mechanisms; IV.
Analyzing Trends in the Labor Share of Income: Empirical
Analysis; A. Shift-Share Analysis; B. Analysis of Long-
Term Changes in the Aggregate Labor Share of Income; C.
Robustness of Aggregate-Level Regression Results; D.
Analysis of Long-Term Changes in Sectoral Labor Shares; E.
Analysis of Long-Term Changes in Labor Shares by Skill; V.
Summary and Policy Implications; Annex; Annex 1. Wages and
Deflators.
505 8 Annex 2. A Theoretical Model of Relative Cost of Capital,
Offshoring, and Labor Shares of Income in Advanced
Economies and Emerging Market and Developing
EconomiesAnnex 3. Country Coverage and Data; Annex 4.
Tables; Annex 5. Appendix figures; References; Figures; 1.
Evolution of the Labor Share of Income; 2. Labor Shares
and Income Inequality; 3. Distribution of Estimated Trends
in Labor Shares, 1991-2014; 4. Estimated Trends in Labor
Shares by Country and Sector; 5. Labor Share Evolutions
and Labor Force Composition by Skill Level; 6. Trends in
Potential Drivers of Labor Shares.
505 8 7. Change in the Relative Price of Investment and Capital
Intensity8. Changes in Global Value Chain Participation
and Capital Intensity; 9. Evolution of the Adjusted Labor
Share of Income; 10. Shift-Share Analysis; 11 Aggregate
Results; 12. Heterogeneity across Sectors and Countries;
13. Sectoral Results, Advanced Economies; 14.
Contributions to Aggregate Labor Share Change by Skill,
1995-2009; 15. Decomposition of the Labor Share of Income,
1991-2014; 16. Product Wages, Consumption Wages, and
Productivity in Manufacturing.
505 8 17. Impact of the Costs of Capital and Offshoring on the
Set of Tasks Offshored from a High-Wage County to a Low-
Wage CountyAppendices; 1. Estimated Trends in Labor Shares
across the World; 2. Heterogeneity in the Evolution of Key
Drivers of the Labor Share; Tables; 1. Country Coverage;
2. Data Sources; 3. Baseline Aggregate Results; 4. Stacked
Aggregate Results; 5. Aggregate Results, Robustness (User
Cost); 6. Aggregate Results, Robustness (Alternative
Measure of Offshoring); 7. Aggregate Results, Robustness
(Other Robustness Checks); 8. Aggregate Results,
Robustness (Measurement Issues).
505 8 9. Baseline Sectoral Results10. Aggregate Results by Skill
Level; 11. Sectoral Results by Skill Level; 12. Sectoral
Results by Skill Level, Controlling for Skill
Compensation; 13. Sectoral Results by Skill Level,
Controlling for Policy Institution Variables.
520 3 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.
588 0 Print version record.
590 eBooks on EBSCOhost|bEBSCO eBook Subscription Academic
Collection - North America
650 0 Income distribution.|0https://id.loc.gov/authorities/
subjects/sh85064765
650 7 Income distribution.|2fast|0https://id.worldcat.org/fast/
968670
655 4 Electronic books.
700 1 Das, Mitali,|0https://id.loc.gov/authorities/names/
no2013012617|eauthor.
700 1 Koczan, Zsoka,|0https://id.loc.gov/authorities/names/
no2014098694|eauthor.
700 1 Lian, Weicheng,|0https://id.loc.gov/authorities/names/
no2010005408|eauthor.
776 08 |iPrint version:|aDao, Mai Chi.|tWhy Is Labor Receiving a
Smaller Share of Global Income? Theory and Empirical
Evidence.|dWashington, D.C. : International Monetary Fund,
©2017|z9781484311042
830 0 IMF working paper ;|0https://id.loc.gov/authorities/names/
no89010263|vWP/17/169.
856 40 |uhttps://rider.idm.oclc.org/login?url=http://
search.ebscohost.com/login.aspx?direct=true&scope=site&
db=nlebk&AN=1577275|zOnline ebook via EBSCO. Access
restricted to current Rider University students, faculty,
and staff.
856 42 |3Instructions for reading/downloading the EBSCO version
of this ebook|uhttp://guides.rider.edu/ebooks/ebsco
901 MARCIVE 20231220
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