Globalisation, Concentration and Footloose Firms : In Search of the Main Cause of the Declining Labour Share
Over the last two decades the share of national income which accrues to labor has followed a marked downward trend across a host of industrialized countries. This paper reassesses the relative importance of several potential causes of this phenomenon. Overall, the findings suggest that lower trade costs and factors often associated with economic integration such as international low-wage competition and industry concentration have contributed to the decline in the labor share. However, their effects have been limited when compared to the effects of skill-based technological change and cyclical price changes of intermediary goods
Year of publication: |
2011
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Authors: | Hutchinson, John |
Other Persons: | Persyn, Damiaan (contributor) |
Publisher: |
[2011]: [S.l.] : SSRN |
Subject: | Lohnquote | Labor share | EU-Staaten | EU countries | Transportkosten | Transport costs | Marktstruktur | Market structure | Internationaler Wettbewerb | International competition | Wirtschaftsintegration | Economic integration | Dekompositionsverfahren | Decomposition method |
Saved in:
freely available
Extent: | 1 Online-Ressource (37 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 3, 2011 erstellt |
Other identifiers: | 10.2139/ssrn.1908585 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013121586