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Title:Globalization, creative destruction, and labor share change: Evidence on the determinants and mechanism from longitudinal plant-level data PDF Logo
Authors:Maliranta, Mika
Böckerman, Petri
Issue Date: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
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy

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