TY - BOOK ID - 14277967 TI - Effects of globalization on labor's share in national income AU - Guscina, Anastasia. AU - International Monetary Fund. PY - 2006 SN - 1451865546 1462306403 145191007X 9786613823625 1452707758 1283437724 PB - [Washington, D.C.] : International Monetary Fund, DB - UniCat KW - National income KW - Foreign trade and employment KW - Wages and labor productivity KW - Employees KW - Wages KW - Wage bargaining KW - Globalization. KW - Econometric models. KW - Effect of technological innovations on KW - Global cities KW - Globalisation KW - Internationalization KW - Compensation KW - Departmental salaries KW - Earnings KW - Pay KW - Remuneration KW - Salaries KW - Wage-fund KW - Wage rates KW - Working class KW - Laborers KW - Personnel KW - Workers KW - Annual improvement factor KW - Labor productivity and wages KW - Employment and foreign trade KW - Labor market KW - Net national product KW - Effect of international trade on KW - International relations KW - Anti-globalization movement KW - Collective bargaining KW - Income KW - Labor costs KW - Compensation management KW - Cost and standard of living KW - Prices KW - Persons KW - Industrial relations KW - Personnel management KW - Industrial engineering KW - Labor productivity KW - Productivity bargaining KW - Commerce KW - International trade KW - Labor supply KW - Investments, Foreign, and employment KW - Trade adjustment assistance KW - Flow of funds KW - Gross national product KW - Labor KW - Macroeconomics KW - Wages, Compensation, and Labor Costs: General KW - Measurement and Data on National Income and Product Accounts and Wealth KW - Environmental Accounts KW - Labor Economics: General KW - Employment KW - Unemployment KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labor Contracts KW - Labour KW - income economics KW - Labor share KW - Employment protection KW - Labor economics KW - Economic theory KW - Manpower policy KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:14277967 AB - The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment protection--using a panel of 18 industrial countries over 1960-2000. Since most studies suggest that globalization and rapid technological progress (associated with accelerated information technology development) began in the mid-1980s, the sample is split in 1985 into preglobalization/pre-IT revolution and postglobalization/post-IT revolution eras. The results suggest that the decline in labor's share during the past few decades in the OECD member countries may have been largely an equilibrium, rather than a cyclical, phenomenon, as the distribution of national income between labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy. ER -