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|z 9781451865547
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Guscina, Anastasia.
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|a Effects of Globalization on Labor's Share in National Income /
|c Anastasia Guscina.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2006/294
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/294/001.2006.issue-294-en.xml
|z IMF e-Library
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