Why Is Labor Receiving a Smaller Share of Global Income Theory and Empirical Evidence is popular PDF and ePub book, written by Mai Chi Dao in 2017-07-25, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Why Is Labor Receiving a Smaller Share of Global Income Theory and Empirical Evidence can be Read Online from any device for your convenience.
Why Is Labor Receiving a Smaller Share of Global Income Theory and Empirical Evidence Book PDF Summary
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.
Detail Book of Why Is Labor Receiving a Smaller Share of Global Income Theory and Empirical Evidence PDF
- Author : Mai Chi Dao
- Release : 25 July 2017
- Publisher : International Monetary Fund
- ISBN : 9781484313053
- Genre : Business & Economics
- Total Page : 70 pages
- Language : English
- PDF File Size : 7,6 Mb
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