Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223623
Authors: 
Paul, Saumik
Year of Publication: 
2020
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2020 [Issue:] 472
Abstract: 
Globally, the share of income going to labor (the “labor income share”) is declining. However, this aggregate decline hides more than it reveals. While the labor income share has decreased for low-skilled workers, this has been concurrent with an increase for high-skilled workers. Globalization leading to a growing skill premium and an increasing complementarity between capital and skill through the advancement of technology explains the polarization of labor income shares across the skill spectrum.
Subjects: 
labor income share
skills
technology
globalization
JEL: 
E24
E25
J30
Persistent Identifier of the first edition: 
Document Type: 
Article

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