{
  "title": "How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?",
  "publication": "IMF Working Papers, December 1, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/how-has-the-globalization-of-labor-affected-the-labor-income-share-in-advanced-countries-21520",
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  "summary": "Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Title: How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?\n- Authors: Florence Jaumotte, Irina Tytell\n- Date: December 1, 2007\n- Core question: Assess contributions of globalization, technological progress, and labor market policies to the decline in the labor share in advanced countries."
    },
    {
      "heading": "Data and Methodology",
      "content": "- Sample: 18 advanced countries\n- Period covered: 1982- 2002\n- Approach: Uses a labor share equation derived from a translog revenue function to decompose effects on the labor share.\n- Sector focus: Particular attention to unskilled sectors and the information and communications sectors."
    },
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      "heading": "Key Findings",
      "content": "- Labor markets have become increasingly integrated over the last two decades, coinciding with:\n  - the entry of China, India and the former Eastern bloc into the world trading system,\n  - the removal of restrictions on trade and capital flows,\n  - rapid technological progress.\n- The share of labor in national income decreased in most advanced countries.\n- Empirical results for 18 advanced countries over 1982- 2002 suggest:\n  - Globalization was only one of several factors that have affected the labor share.\n  - Technological progress, especially in the information and communications sectors, has had a bigger impact.\n  - The impact of technological progress was particularly pronounced on the labor share in unskilled sectors."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Employment, Labor, Labor force, Labor markets, Labor share\n- Keywords: product market, unemployment benefit, WP\n\n---\n\n Content in this bundle\n\n- wp07298\n  - wp07298 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp07298 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/how-has-the-globalization-of-labor-affected-the-labor-income-share-in-advanced-countries-21520"
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    "Authors: Florence Jaumotte, Irina Tytell",
    "Published: December 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868616.001",
    "Title: How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?",
    "Authors: Florence Jaumotte, Irina Tytell",
    "Date: December 1, 2007",
    "Core question: Assess contributions of globalization, technological progress, and labor market policies to the decline in the labor share in advanced countries.",
    "Sample: 18 advanced countries",
    "Period covered: 1982- 2002",
    "Approach: Uses a labor share equation derived from a translog revenue function to decompose effects on the labor share.",
    "Sector focus: Particular attention to unskilled sectors and the information and communications sectors.",
    "Labor markets have become increasingly integrated over the last two decades, coinciding with:",
    "The share of labor in national income decreased in most advanced countries.",
    "Empirical results for 18 advanced countries over 1982- 2002 suggest:",
    "Subject: Employment, Labor, Labor force, Labor markets, Labor share",
    "Keywords: product market, unemployment benefit, WP",
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