Skip to main content
Erschienen in:
Buchtitelbild

2019 | OriginalPaper | Buchkapitel

1. Previous Literature and New Findings

verfasst von : Gary Fields, Saumik Paul

Erschienen in: Labor Income Share in Asia

Verlag: Springer Singapore

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

The United Nations System of National Accounts (UN SNA) collects information on the compensation of employees and provides the unadjusted labor income share for 93 low- and middle-income countries with an average time span of 15.3 years per country. Since only about one third of developing countries report mixed income, the mixed-income adjusted labor income shares are computed for only 38 countries from this dataset. The adjusted labor share using the employment structure of a country is also calculated with ILO’s data of Key Indicators of the Labour Market (KILM), which produces estimates for 73 countries. The second group of data sets extend the coverage of data from UN SNA and KILM by including additional national data sources.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
1
MES holds prices of other factor inputs constant and adjusts the measure of the elasticity of substitution accordingly. MES can be expressed as a function of the own price and the cross-price elasticities of two inputs as \(MES_{ij} = \frac{{dlogx_{j} }}{{dlogp_{i} }} - \frac{{dlogx_{i} }}{{dlogp_{i} }}\), where \(p_{i}\) and \(p_{j}\)are the prices of inputs \(x_{i}\) and \(x_{j}\). Blackorby and Russell (1989) showed that changes in the ratio of factor income shares can be directly predicted by MES as \(\frac{{dlog\frac{{p_{i} x_{i} }}{{p_{j} x_{j} }}}}{{dlog\frac{{p_{i} }}{{p_{j} }}}} = 1 - MES_{ij}\).
 
2
Lawrence (2015), Elsby et al. (2013), Rodrigues and Jayadev (2010)
 
3
1. Agriculture, hunting, forestry and fishing (AGR); 2. Mining and quarrying (MIN); 3. Manufacturing (MAN); 4. Electricity, gas and water supply (PU); 5. Construction (CON); 6. Wholesale and retail trade, hotels and restaurants (WRT); 7. Transport, storage, and communication (TRA); 8. Finance, insurance, real estate and business services (FIRE); 9. Government services (GOV); 10. Community, social and personal services (OTH).
 
Literatur
Zurück zum Zitat Alvarez-Cuadrado, F., Long, N. V. & Poschke, M. (2015). Capital–labor substitution, structural change and the labor income share. IZA Discussion Paper No. 8941. Alvarez-Cuadrado, F., Long, N. V. & Poschke, M. (2015). Capital–labor substitution, structural change and the labor income share. IZA Discussion Paper No. 8941.
Zurück zum Zitat Anderson, R. K., & Moroney, J. R. (1993). Morishima elasticities of substitution with nested production functions. Economics Letters, 42(1993), 159–166.CrossRef Anderson, R. K., & Moroney, J. R. (1993). Morishima elasticities of substitution with nested production functions. Economics Letters, 42(1993), 159–166.CrossRef
Zurück zum Zitat Arpaia, A., Perez, E., Pichelmann, K. (2009). Understanding labour’s income share dynamics in Europe. European Economy Economics Paper No. 379, European Commission. Arpaia, A., Perez, E., Pichelmann, K. (2009). Understanding labour’s income share dynamics in Europe. European Economy Economics Paper No. 379, European Commission.
Zurück zum Zitat Bentolila, S., & Saint-Paul, G. (2003). Explaining movements in the labor share. Contributions to Macroeconomics, Berkeley Electronic Press, 3(1), 1103–1103. Bentolila, S., & Saint-Paul, G. (2003). Explaining movements in the labor share. Contributions to Macroeconomics, Berkeley Electronic Press, 3(1), 1103–1103.
Zurück zum Zitat Blackorby, C., & Russell, R. R. (1989). Will the real elasticity of substitution, please stand up? (A comparison of the Allen/Uzawa and Morishima elasticities). American Economic Review, 79, 882–888. Blackorby, C., & Russell, R. R. (1989). Will the real elasticity of substitution, please stand up? (A comparison of the Allen/Uzawa and Morishima elasticities). American Economic Review, 79, 882–888.
Zurück zum Zitat Dao, M. C., Das, M. M., Koczan, Z., & Lian, W. (2017.) Why is labor receiving a smaller share of global income? Theory and empirical evidence. International Monetary Fund. Dao, M. C., Das, M. M., Koczan, Z., & Lian, W. (2017.) Why is labor receiving a smaller share of global income? Theory and empirical evidence. International Monetary Fund.
Zurück zum Zitat de Serres, A., Stefano, S., & de la Maisonneuve, C. (2002, April). Sectoral shifts in Europe and the United States: How they affect aggregate labour shares and the properties of wage equations. OECD Economics Department Working Papers 326, OECD Publishing. de Serres, A., Stefano, S., & de la Maisonneuve, C. (2002, April). Sectoral shifts in Europe and the United States: How they affect aggregate labour shares and the properties of wage equations. OECD Economics Department Working Papers 326, OECD Publishing.
Zurück zum Zitat de Vries, G. J., Timmer, M. P., & de Vries, K. (2013). Structural transformation in Africa: Static gains, dynamic losses. Groningen Growth and Development Centre Research Memorandum, GD-136. de Vries, G. J., Timmer, M. P., & de Vries, K. (2013). Structural transformation in Africa: Static gains, dynamic losses. Groningen Growth and Development Centre Research Memorandum, GD-136.
Zurück zum Zitat Elsby, M. W., Hobijn, B., & Şahin, A. (2013). The decline of the US labor share. Brookings Papers on Economic Activity, 2, 1–63.CrossRef Elsby, M. W., Hobijn, B., & Şahin, A. (2013). The decline of the US labor share. Brookings Papers on Economic Activity, 2, 1–63.CrossRef
Zurück zum Zitat European Commission. (2007). The labour income share in the European Union. Chapter 5 of: Employment in Europe. European Commission. (2007). The labour income share in the European Union. Chapter 5 of: Employment in Europe.
Zurück zum Zitat Fabricant, S. (1942). Employment in manufacturing, 1899–1939. New York: NBER. Fabricant, S. (1942). Employment in manufacturing, 1899–1939. New York: NBER.
Zurück zum Zitat Gollin, D. (2002). Getting income shares right. Journal of Political Economy, 110(2), 458–74.CrossRef Gollin, D. (2002). Getting income shares right. Journal of Political Economy, 110(2), 458–74.CrossRef
Zurück zum Zitat Hicks, J. R. (1932). Theory of wages. London: Macmillan. Hicks, J. R. (1932). Theory of wages. London: Macmillan.
Zurück zum Zitat Koh, D., Santaeulalia-Llopis, R., & Zhang, Y. (2016). Labor share decline and intellectual property products capital. University of Arkansas. Koh, D., Santaeulalia-Llopis, R., & Zhang, Y. (2016). Labor share decline and intellectual property products capital. University of Arkansas.
Zurück zum Zitat Lawless, M., & Whelan, K. T. (2011). Understanding the dynamics of labor shares and inflation. Journal of Macroeconomics, 33(2), 121–136.CrossRef Lawless, M., & Whelan, K. T. (2011). Understanding the dynamics of labor shares and inflation. Journal of Macroeconomics, 33(2), 121–136.CrossRef
Zurück zum Zitat Lawrence, R. Z. (2015). Recent declines in labor’s share in US income: A preliminary neoclassical account. NBER Working Paper No. 21296, National Bureau of Economic Research. Lawrence, R. Z. (2015). Recent declines in labor’s share in US income: A preliminary neoclassical account. NBER Working Paper No. 21296, National Bureau of Economic Research.
Zurück zum Zitat Levinsohn, J., & Petrin, A. (2003, April). Estimating production functions using inputs to control for unobservables. The Review of Economic Studies, 70(2), 317–341. Levinsohn, J., & Petrin, A. (2003, April). Estimating production functions using inputs to control for unobservables. The Review of Economic Studies, 70(2), 317–341.
Zurück zum Zitat Oberfield, E., & Raval, D. (2014, April). Micro data and macro technology. NBER Working Paper No. 20452, National Bureau of Economic Research. OECD Publishing Oberfield, E., & Raval, D. (2014, April). Micro data and macro technology. NBER Working Paper No. 20452, National Bureau of Economic Research. OECD Publishing
Zurück zum Zitat O’Mahony, M., & Timmer, M. P. (2009). Output, input, productivity measures at the industry level: the EU KLEMS database. Economic Journal, 374–403. O’Mahony, M., & Timmer, M. P. (2009). Output, input, productivity measures at the industry level: the EU KLEMS database. Economic Journal, 374–403.
Zurück zum Zitat Oishi, Y., & Paul, S. (2018). Sectoral labor income share dynamics: Cross-country evidence from a novel dataset. ADBI Working Paper 875. Tokyo: AsianDevelopment Bank. Oishi, Y., & Paul, S. (2018). Sectoral labor income share dynamics: Cross-country evidence from a novel dataset. ADBI Working Paper 875. Tokyo: AsianDevelopment Bank.
Zurück zum Zitat Paul, S. (2018). Capital skill substitutability and the labor income share: identification using the morishima elasticity of substitution. ADBI Working Paper 839. Tokyo: Asian Development Bank Institute. Available: Paul, S. (2018). Capital skill substitutability and the labor income share: identification using the morishima elasticity of substitution. ADBI Working Paper 839. Tokyo: Asian Development Bank Institute. Available:
Zurück zum Zitat Robinson, J. (1933). The Economics of imperfect competition. London: Macmillan. Robinson, J. (1933). The Economics of imperfect competition. London: Macmillan.
Zurück zum Zitat Rodrigues, F., & Jayadev, A. (2010). The Declining Labor Share of Income. Human Development Research Paper 2010/36, United Nations Development Programme, New York. Rodrigues, F., & Jayadev, A. (2010). The Declining Labor Share of Income. Human Development Research Paper 2010/36, United Nations Development Programme, New York.
Zurück zum Zitat Trapp, K. (2015). Measuring the labour income share of developing countries: Learning from social accounting matrices. UNU-WIDER Working Paper 41. Trapp, K. (2015). Measuring the labour income share of developing countries: Learning from social accounting matrices. UNU-WIDER Working Paper 41.
Zurück zum Zitat Zhuang, J., & Li, S. (2016). Understanding the Recent Trend of Income Inequality in China‖, SOAS Department of Economics Working Paper Series, No. 196, The School of Oriental and African Studies. Zhuang, J., & Li, S. (2016). Understanding the Recent Trend of Income Inequality in China‖, SOAS Department of Economics Working Paper Series, No. 196, The School of Oriental and African Studies.
Metadaten
Titel
Previous Literature and New Findings
verfasst von
Gary Fields
Saumik Paul
Copyright-Jahr
2019
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-13-7803-4_1

Premium Partner