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Author Jaumotte, Florence, author

Title How has the globalization of labor affected the labor share in advanced countries? / prepared by Florence Jaumotte and Irina Tytell
Published [Washington, D.C.?] : International Monetary Fund, [2007]
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Description 1 online resource (54 pages) : illustrations
Series IMF working paper, 2227-8885 ; WP/07/298
IMF working paper ; WP/07/298
Contents I. Introduction; II. How Globalized is Labor; III. How Has The Globalization of Labor Affected Workers in Advanced Economies?; IV. Labor Share and the Globalization of Labor: An Empirical Examination; A. Explaining the Labor Share; B. Empirical Methodology; C. Estimation Results; V. The Story Behind the Decline of the Labor Share; VI. Labor Compensation Per Worker, Employment, and Labor Globalization: What Can We Say?; VII. Summary and Policy Implications; Appendix; I. Data Sources and Methods; II. Derivation of the Empirical Model; Tables
1. Impact of Labor Globalization and Technological Change on Labor Shares: Main Results2. Impact of Labor Globalization and Technological Change on Labor Shares: Alternative Specifications; 3. Impact of Labor Globalization and Technological Change on Skilled and Unskilled Labor Shares; 4. Classification of Sectors by Skill Intensity; Figures; 1. Alternative Measures of Global Labor Supply; 2. Immigration and Trade; 3. Change in the Share of Foreign Labor Force in Total Labor Force by Skill Level, 1990-2000; 4. Share of Developing Countries in Trade
14b. Decomposition of Labor Globalization Effects on the Labor Share15. Explaining the Annual Change in the Labor Share by Skill Level; 16. Effect of Changes in Trade Prices on Labor Compensation per Worker and Employment; 17. Advanced Economies' Labor Income Share, Labor Compensation, and Employment: Robustness to Alternative Skill Classification; References
5. Developing Countries: Exports of Skilled Manufacturing Goods and Services6. Offshoring by Advanced Economies; 7. Advanced Economies: Offshoring by Category of Inputs; 8. Advanced Economies: Labor Income Shares; 9. Advanced Economies: Labor Compensation and Employment; 10. Advanced Economies: Labor Compensation and Employment in Skilled and Unskilled Sectors; 11. Catch-Up by Emerging Markets' Manufacturing Wages; 12. Information and Communications Technology (ICT) Capital, Patents, and Labor Market Indicators; 13. Partial Correlations; 14a. Explaining the Annual Change in the Labor Share
Summary Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 advanced countries over 1982- 2002, suggest that globalization was only one of several factors that have affected the labor share. Technological progress, especially in the information and communications sectors, has had a bigger impact, particularly on the labor share in unskilled sectors
Bibliography Includes bibliographical references (pages 51-54)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign trade and employment -- Developed countries.
Globalization -- Developed countries.
Labor market -- Developed countries.
Wages -- Developed countries.
Form Electronic book
Author Tytell, Irina, author
International Monetary Fund. Research Department, Issuing body
ISBN 128351494X
Other Titles How has the globalization of labor affected the labor income share in advanced countries?