TY - BOOK ID - 84541122 TI - How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries? AU - Jaumotte, Florence. AU - Tytell, Irina. PY - 2007 SN - 1462374980 1452735972 128351494X 9786613827395 1451913141 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Wages, Compensation, and Labor Costs: General KW - Labor Economics: General KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labor Force and Employment, Size, and Structure KW - Demand and Supply of Labor: General KW - Labour KW - income economics KW - Labor share KW - Labor force KW - Labor markets KW - Labor economics KW - Labor market KW - Economic theory KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541122 AB - 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. ER -