Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/222667 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
ADBI Working Paper Series No. 900
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
We investigate the causes of the decline in the labor share, exploring the effect of technology vis-à-vis the role of market regulations, namely employment protection legislation, product market regulation, and intellectual property rights (IPR) protection. Our results show that, in the long run, productivity upgrades and information and communication technology capital diffusion are major sources of the decline in the labor share. IPR protection is the only dimension of the institutional setting that affects (positively) the share of industry income accruing to labor. Our results also show that hysteresis characterizes the dynamics of the labor share in all countries. This further corroborates the idea that institutional differences are not the main source of variation in labor share movements, as the negative trend is common to countries with different regulatory settings.
Schlagwörter: 
labor share
technological change
ICT capital
market regulations
hysteresis
JEL: 
C23
E24
E25
O33
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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