Globalization, Structural Transformation, and the Labor Income Share

Ken Suzuki (), Yoko Oishi and Saumik Paul
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Ken Suzuki: Asian Development Bank Institute
Yoko Oishi: Asian Development Bank Institute
Saumik Paul: Asian Development Bank Institute

Chapter Chapter 5 in Labor Income Share in Asia, 2019, pp 103-150 from Springer

Abstract: Abstract This paper provides novel empirical evidence on the role of trade and structural transformation as potential drivers of the labor income share. Using cross-country data, both at the national and sectoral level, we find that trade openness is negatively correlated with the labor income share. The findings are robust across national and disaggregated levels, and across different model specifications. However, the relationship between the process of structural transformation and labor income share is at best mixed. We also find weak evidence that skill-biased structural transformation is likely to be positively correlated with the share of labor income predominantly in the services sectors.

Keywords: Labor income share; Structural transformation; Globalization (search for similar items in EconPapers)
JEL-codes: E24 E25 N10 O14 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:adbchp:978-981-13-7803-4_5

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DOI: 10.1007/978-981-13-7803-4_5

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