The Labor Share of Income Around the World: Evidence from a Panel Dataset

Guerriero, Marta

doi:10.1007/978-981-13-7803-4_3

Cited by 32 publications

(25 citation statements)

References 33 publications

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“…This paper is not the first to deduct taxes and depreciation from labor share. For example, Guerriero (2012) and Qi (2014) make these deductions. This paper differs in that it examines the empirical impact of these deductions directly.…”

Section: Introductionmentioning

confidence: 99%

Is Labor's Loss Capital's Gain? Gross Versus Net Labor Shares

Bridgman

2018

Macroecon. Dynam.

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US labor share has been falling since the 1970s. I show that it has not fallen as much once items that do not add to capital, depreciation and production taxes, are netted out. Recent net labor share is within its historical range, whereas gross share is at its lowest level. This effect holds for other high-income economies. The overall picture is no longer one of unprecedented, globally declining labor share. Using gross share as a proxy for net share can give misleading results. US gross share and inequality are correlated, whereas net share, the correct measure, is not.

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Section: Introductionmentioning

confidence: 99%

Is Labor's Loss Capital's Gain? Gross Versus Net Labor Shares

Bridgman

2018

Macroecon. Dynam.

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“… 13 Since the estimates are based on different methods, they are not strictly comparable. Guerriero’s (2012: 34) has US labor shares higher than Sweden’s on some estimates for 2002, and this differs greatly from the US Bureau of Labor Statistics estimate.…”

mentioning

confidence: 61%

“… Note: Calculating labour share is based on various assumptions and the cited author estimates six alternatives. The estimates vary much more within than across countries. Source: Guerriero (2012, appendix H).…”

mentioning

confidence: 99%

Reinventing capitalism to address automation: Sharing work to secure employment and income

Khan

2018

Competition & Change

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Accumulating evidence suggests that automation is on an exponential growth path and it is projected to lead to massive technological unemployment. This paper proposes a conceptual framework within which to view automation and technological unemployment. The overarching conceptual framework pertains to the concepts of optimal and just factor shares. Within this framework, the issues associated with technological unemployment including the non-neutrality of technology, the subsequent inevitability of automation, the mechanisms via which this impacts work and the case for a re-invention of capitalism are explored. Sharing work is proposed as a modest institutional reform. The specific policy proposals within the broad area of sharing work are work-sharing and shortened work-week. The theoretical literature on the sharing work concept and the empirical literature on the two specific reforms are then reviewed. While these reforms are incremental and hence perhaps the most politically acceptable, they nonetheless represent a reinvention of capitalism if broadly implemented. It is argued that such re-inventions are well rooted in history during crises periods such as the one technological unemployment is likely to lead to based on the evidence provided. It is further argued that taxing capital to pay for these reforms, to the extent that they are not self-financing, is socially just.

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“…Aumentó 9 puntos porcentuales entre 1999 y 2006, pero luego bajó a su nivel de 1996. Guerreiro (2012) confirma estos patrones generales en un estudio global que corrige el nivel de empleo autónomo. También muestra que la reciente estabilidad ha llegado luego de largos giros en las décadas anteriores (a favor del capital en los años de Pinochet y en contra luego del regreso a la democracia).…”

Section: La Participación Del Capital Y La Concentración De Mercadounclassified

Concentración económica y poder político en América Latina

2020

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No se permite la reproducción total o parcial de este libro, ni su almacenamiento en un sistema informático, ni su transmisión en cualquier forma o por cualquier medio electrónico, mecánico, fotocopia u otros métodos, sin el permiso previo del editor. La responsabilidad por las opiniones expresadas en los libros, artículos, estudios y otras colaboraciones incumbe exclusivamente a los autores firmantes, y su publicación no necesariamente refleja los puntos de vista de la Secretaría Ejecutiva de CLACSO.

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The Labor Share of Income Around the World: Evidence from a Panel Dataset

Cited by 32 publications

References 33 publications

Is Labor's Loss Capital's Gain? Gross Versus Net Labor Shares

Is Labor's Loss Capital's Gain? Gross Versus Net Labor Shares

Reinventing capitalism to address automation: Sharing work to secure employment and income

Concentración económica y poder político en América Latina

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