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180614 ||| eng |
| 020 |
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|a 9781484311042
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| 100 |
1 |
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|a Dao, Mai
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| 245 |
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0 |
|a Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence
|c Mai Dao, Mitali Das, Zsoka Koczan, Weicheng Lian
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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| 300 |
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|a 70 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Technological Change: Choices and Consequences
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| 653 |
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|a Finance
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Global value chains
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Globalization: General
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| 653 |
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|a Globalization: Labor
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| 653 |
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|a Diffusion Processes
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Globalization
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| 653 |
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|a Labor
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| 653 |
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|a Financial markets
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| 653 |
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|a Emerging and frontier financial markets
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| 653 |
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|a Labor share
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Financial services industry
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wages
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| 653 |
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|a Finance: General
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| 653 |
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|a Labor economics
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| 700 |
1 |
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|a Das, Mitali
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| 700 |
1 |
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|a Koczan, Zsoka
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| 700 |
1 |
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|a Lian, Weicheng
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484311042.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/169/001.2017.issue-169-en.xml?cid=45102-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a 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
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