Technological Changes, Offshoring, and the Labor Share

Technological Changes, Offshoring, and the Labor Share
Existing studies on the downward trend in the labor share of income mostly focus on changes within individual countries. I document, however, that half of the global decline in the labor share of income can be traced to the relocation of activities between countries. I develop a two-country model to show that when the relative price of... READ MORE...

Publication date: July 2019
ISBN 9781498316811
$18.00

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