Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/75018 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
LICOS Discussion Paper No. 229
Verlag: 
Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance, Leuven
Zusammenfassung: 
Over the last two decades the share of national income which accrues to labour has followed a marked downward trend across a host of industrialised countries. This paper attempts to assess the importance of several potential causes of this phenomenon. We investigate compositional effects, the effect of declining trade costs, changes in the market structure (concentration) and the effect of low-wage competition between countries. Overall, the findings suggest that lower trade costs and factors related to economic integration such as industry concentration, the market power of firms and increased international low-wage competition indeed affect the labour share. However, their effect has been quite limited when compared to changes in the sectoral composition, the effects of technological change, cyclical factors and changes in the prices of intfirmediary goods.
Schlagwörter: 
factor shares
globalisation
JEL: 
J30
E25
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
262.98 kB





Publikationen in EconStor sind urheberrechtlich geschützt.