Effects of Globalization on Labor's Share in National Income

Effects of Globalization on Labor's Share in National Income
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over... READ MORE...

Publication date: December 2006
ISBN 9781451865547
$18.00

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