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Author | : Anastasia Guscina |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 2006-12 |
Genre | : Business & Economics |
ISBN | : |
Download Effects of Globalization on Labor's Share in National Income Book in PDF, ePub and Kindle
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 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy.
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 90 |
Release | : 2004-09-02 |
Genre | : Business & Economics |
ISBN | : 0309092035 |
Download Preparing Chemists and Chemical Engineers for a Globally Oriented Workforce Book in PDF, ePub and Kindle
Globalizationâ€"the flow of people, goods, services, capital, and technology across international bordersâ€"is significantly impacting the chemistry and chemical engineering professions. Chemical companies are seeking new ideas, a trained workforce, and new market opportunities regardless of geographic location. During an October 2003 workshop, leaders in chemistry and chemical engineering from industry, academia, government, and private funding organizations explored the implications of an increasingly global research environment for the chemistry and chemical engineering workforce. The workshop presentations described deficiencies in the current educational system and the need to create and sustain a globally aware workforce in the near future. The goal of the workshop was to inform the Chemical Sciences Roundtable, which provides a science-oriented, apolitical forum for leaders in the chemical sciences to discuss chemically related issues affecting government, industry, and universities.
Author | : Ha Thi Thanh Doan |
Publisher | : |
Total Pages | : 18 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download Globalization and the Labor Share in National Income Book in PDF, ePub and Kindle
Contradicting the conventional wisdom of constant factor shares, the portion of national income accruing to labor has been trending downward in the last three decades. This decline must have contributed to rising inequality as labor income is more evenly distributed than capital income. This study contributes to the literature on income inequality by exploring the role of globalization in driving the labor share. In particular, we focus on the impacts of trade openness and foreign direct investments (FDI) on the labor share. Using country-level panel data for 1980-2010, the study finds that trade is a significant and robust determinant of labor share. Generally speaking, export depresses while import increases the labor share. The impact of FDI, however, is insignificant. These results are similar for both developed and developing countries.
Author | : Ann Harrison |
Publisher | : University of Chicago Press |
Total Pages | : 674 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0226318001 |
Download Globalization and Poverty Book in PDF, ePub and Kindle
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Author | : Saumik Paul |
Publisher | : Palgrave Macmillan |
Total Pages | : 281 |
Release | : 2021-10-16 |
Genre | : Business & Economics |
ISBN | : 9789811568626 |
Download Labor Income Share Book in PDF, ePub and Kindle
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
Author | : Irina Tytell |
Publisher | : |
Total Pages | : 56 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Book in PDF, ePub and Kindle
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a trans-log revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982-2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors.
Author | : Robert J. Flanagan |
Publisher | : Oxford University Press |
Total Pages | : 271 |
Release | : 2006-07-20 |
Genre | : Business & Economics |
ISBN | : 019804173X |
Download Globalization and Labor Conditions Book in PDF, ePub and Kindle
This book explains how three major mechanisms of globalization international trade, international migration, and the activities of multinational companies have altered working conditions and labor rights around the world during the late 20th century. Drawing on analyses of a database on international labor conditions assembled for this project and a growing research literature on globalization and labor conditions, the book finds that trade, migration, and multinational companies are associated with improvements in world labor conditions.
Author | : Irina Tytell |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 54 |
Release | : 2007-12-01 |
Genre | : |
ISBN | : 9781451868616 |
Download How has the Globalization of Labor Affected the Labor Income Share in Advanced Countries? Book in PDF, ePub and Kindle
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors.
Author | : Joseph E. Stiglitz |
Publisher | : W. W. Norton & Company |
Total Pages | : 401 |
Release | : 2007-08-28 |
Genre | : Business & Economics |
ISBN | : 0393330281 |
Download Making Globalization Work Book in PDF, ePub and Kindle
Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.
Author | : Engelbert Stockhammer |
Publisher | : Springer |
Total Pages | : 329 |
Release | : 2013-12-03 |
Genre | : Business & Economics |
ISBN | : 1137357932 |
Download Wage-Led Growth Book in PDF, ePub and Kindle
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.