Why is labour receiving a smaller share of global income?

Autor/inn/en	Dao, Mai Chi; Das, Mitali; Kóczán, Zsóka
Titel	Why is labour receiving a smaller share of global income? Gefälligkeitsübersetzung: Warum erhalten die Arbeitnehmer einen geringeren Anteil des globalen Einkommens?
Quelle	In: Economic policy, 34 (2020) 100, S. 723-759 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1468-0327
DOI	10.1093/epolic/eiaa004
Schlagwörter	Automatisierung; Industriestaat; Einkommensverteilung; Globalisierung; Kapitalintensität; Lohnpolitik; Schwellenland; Qualifikation; Internationaler Vergleich; Auswirkung; Entwicklung; Sektorale Verteilung
Abstract	"The labour share of income has been on a downward trend in both advanced and emerging economies. Declining labour shares in emerging economies, though less pronounced, present an important puzzle as they contradict the predictions of classical trade theory. This paper presents a stylized mechanism to reconcile these findings, at the centre of which is routinization, that is, the automation of labour in occupations highly exposed to substitution by computer capital. We assemble a novel dataset and introduce a new measure of the exposure to routinization to analyse the drivers of falling labour shares. While technological progress and exposure to routinization explain over half the overall decline in advanced economies, in emerging markets, the globalization of trade and the accompanying capital deepening are the most significant driver, with technological progress and routinization playing a negligible role." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/1