Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/44534
Authors: 
Maliranta, Mika
Böckerman, Petri
Year of Publication: 
2009
Series/Report no.: 
ETLA discussion paper 1178
Abstract: 
We examine the sources and micro-level mechanisms of the changes in the labor share of value added. We link the micro-level dynamics of the labor share change with that of productivity and wage growth. Using a useful variant of the decomposition method we make a distinction between the change in the average plant and the micro-level restructuring. With Finnish plant-level data covering three decades we show that micro-level restructuring is the link between the declining labor share and increasing productivity in 12 manufacturing industries of four regions, and that increased international trade is a factor underlying those shifts.
Subjects: 
Globalization
international trade
foreign ownership
micro-level restructuring
labor share
JEL: 
F16
J31
Document Type: 
Working Paper

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