Capital’s grabbing hand? A cross-industry analysis of the decline of the labor share in OECD countries

被引：32

作者：

Bassanini A. ^{[1
,2
]}

Manfredi T. ^{[1
]}

机构：

[1] OECD, Paris

[2] IZA, Bonn

来源：

Eurasian Business Review | 2014年 / 4卷 / 1期

关键词：

Capital deepening; FDI regulation; International competition; Labor share; Technical change; Total factor productivity;

D O I：

10.1007/s40821-014-0004-y

中图分类号：

学科分类号：

摘要：

We examine the determinants of the within-industry decline of the labor share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth—which captures (albeit imprecisely) capital-augmenting or labor-replacing technical change—and capital deepening jointly account for as much as 80 % of the within-industry contraction of the labor share. We also find that another factor explaining the aggregate decline of the labor share is the increased international competition, with higher import penetration causing a contraction of the share of labour-intensive industries in total value added. However, the fraction of the drop of the labor share explained by international competition remains limited. © 2014, Eurasia Business and Economic Society.

引用

页码：3 / 30

页数：27

共 48 条

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