Language:
English
Pages:
Online-Ressource
,
graph. Darst.
Series Statement:
OECD social, employment and migration working papers 133
Keywords:
1970-2009
;
Lohnquote
;
OECD-Staaten
;
Employment
;
Social Issues/Migration/Health
;
Amtsdruckschrift
;
Arbeitspapier
;
Graue Literatur
Abstract:
We examine the determinants of the within-industry decline of the labour 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 labour-replacing technical change – and capital deepening jointly account for as much as 80% of the within-industry contraction of the labour share. We also find that other important factors are privatisation of state-owned enterprises and the increase in international competition as well as off-shoring of intermediate stages of the production process. By contrast, we are unable to detect any effect from increases in domestic competition brought about by entry deregulation.
Note:
Zsfassung in franz. Sprache
,
Systemvoraussetzungen: Acrobat Reader.
DOI:
10.1787/5k95zqsf4bxt-en
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