- Additional Authors
- Manfredi, Thomas.
- Description
- 43 p.; 21 x 29.7cm.
- Summary
- We examine the determinants of the within-industry decline of the labour share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth – which captures (albeit imprecisely) capital-augmenting or labour-replacing technical change – and capital deepening jointly account for as much as 80% of the within-industry contraction of the labour share. We also find that other important factors are privatisation of state-owned enterprises and the increase in international competition as well as off-shoring of intermediate stages of the production process. By contrast, we are unable to detect any effect from increases in domestic competition brought about by entry deregulation.
- Series Statement
- OECD Social, Employment and Migration Working Papers, 1815-199X ; no.133
- Uniform Title
- OECD Social, Employment and Migration Working Papers, no.133.
- Subject
- LCCN
- 10.1787/5k95zqsf4bxt-en
- OCLC
- oecd-lib
- Author
Bassanini, Andrea.
- Title
Capital's Grabbing Hand? A Cross-Country/Cross-Industry Analysis of the Decline of the Labour Share [electronic resource] / Andrea Bassanini and Thomas Manfredi
- Imprint
Paris : OECD Publishing, 2012.
- Series
OECD Social, Employment and Migration Working Papers, 1815-199X ; no.133
OECD Social, Employment and Migration Working Papers, 1815-199X ; no.133.
- Connect to:
- Indexed Term
Social Issues/Migration/Health
Employment
- Added Author
Manfredi, Thomas.
- Other Standard Identifier
10.1787/5k95zqsf4bxt-en doi