The effects of technological development on the labor share of national income
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DOI: 10.1016/j.econmod.2019.07.015
Abstract: Abstract In this article, we analyze the effects of increasing automation in production processes on the labor share of national income. For the analyses, we use the DSGE model which contains both the physical capital… read more here.
Keywords: national income; labor share; share national;
What drives labor share change? Evidence from Korean industries
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DOI: 10.1016/j.econmod.2020.10.009
Abstract: Abstract Using aggregate- and industry-level data, this study shows the role of factor substitution and technological progress in labor share change in Korea over the past 30 years. Aggregate labor share shows a declining trend… read more here.
Keywords: share change; labor share; labor; evidence ... See more keywords
Understanding the decline in the U.S. labor share: Evidence from occupational tasks
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DOI: 10.1016/j.euroecorev.2018.07.005
Abstract: In this paper, I provide empirical evidence linking the decline in the labor share to the replacement of occupations with substantial routine task content. Using cross-industry variation, I show that the overall labor share decline… read more here.
Keywords: share decline; decline labor; labor share; labor ... See more keywords
Do corporate income tax cuts decrease labor share? Regression discontinuity evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Development Economics"
DOI: 10.1016/j.jdeveco.2021.102624
Abstract: Abstract Recent years have seen a sustained decline in the labor share around the world. This paper studies this trend by focusing on the effect of corporate income taxes on firm-level labor shares. From 2010… read more here.
Keywords: corporate income; tax; labor share; labor ... See more keywords
The US labor share of income: what shocks matter?
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DOI: 10.1080/00346764.2020.1821907
Abstract: We propose a novel methodological approach to disentangle the main structural shocks affecting the US labor share of income. We motivate an SVAR model to derive four structural shocks: aggregate de... read more here.
Keywords: share income; labor share; income shocks;