Global S&T Development Trend Analysis Platform of Resources and Environment
Technology, Market Regulations, and Labor Share Dynamics | |
[unavailable] | |
2018-12-07 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() The decline in the labor share is attracting increasing interest among economists and policy makers. We investigate the causes of the decline in the labor share, exploring the effect of technology vis-à-vis the role of market regulations, namely employment protection legislation, product market regulation, and intellectual property rights (IPR) protection. Our results show that, in the long run, productivity upgrades and information and communication technology capital diffusion are major sources of the decline in the labor share. IPR protection is the only dimension of the institutional setting that affects (positively) the share of industry income accruing to labor. Our results also show that hysteresis characterizes the dynamics of the labor share in all countries. This further corroborates the idea that institutional differences are not the main source of variation in labor share movements, as the negative trend is common to countries with different regulatory settings. WORKING PAPER NO: 900 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/236514 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Technology, Market Regulations, and Labor Share Dynamics,2018. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp900.pdf(303KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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