Series: IMF Working Papers
Author(s): Anastasia Guscina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2006
Keywords: Labor&;amp;#x2019;s share, capital&;amp;#x2019;s share, labor protection, bargaining power, compensation share, employment share, Heckscher-Ohlin theorem, employment, employment protection, labor share
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 te...