TY - BOOK ID - 85504655 TI - The Structural Determinants of the Labor Share in Europe PY - 2019 SN - 1498304850 1498304834 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor economics. KW - Economics KW - Labor KW - Macroeconomics KW - Public Finance KW - Aggregate Factor Income Distribution KW - Globalization: Labor KW - Wage Level and Structure KW - Wage Differentials KW - Technological Change: Choices and Consequences KW - Diffusion Processes KW - Wages, Compensation, and Labor Costs: General KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labor Economics: General KW - Labor Contracts KW - Unemployment Insurance KW - Severance Pay KW - Plant Closings KW - Labour KW - income economics KW - Public finance & taxation KW - Labor share KW - Employment protection KW - Unemployment benefits KW - Expenditure KW - Economic theory KW - Labor economics KW - Manpower policy KW - Unemployment insurance KW - Greece UR - https://www.unicat.be/uniCat?func=search&query=sysid:85504655 AB - The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time jobs and a rollback of employment protection, unemployment benefits and unemployment benefits have been the main contributors. Technology and globalization hurt sectors where jobs are routinizable but helped others that require specialized skills. High-skilled professionals gained labor share driven by productivity aided by flexible work environments, while low- and mid-skilled workers lost labor share owing to globalization and the erosion of labor market safety nets. ER -