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This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations.
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, w
This is the first study that puts together a comprehensive and in-depth analysis of the drivers of the labor income share across a number of countries in Asia.
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, w
This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dy
This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, indu
