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ETLA Discussion Papers, Research Institute of the Finnish Economy >
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http://hdl.handle.net/10419/44534
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| Title: | | Globalization, creative destruction, and labor share change: Evidence on the determinants and mechanism from longitudinal plant-level data  |
| 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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