The decline of labour share in OECD and non-OECD since the 1980s

Veasna Kheng, Justin McKinley and Lei Pan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the causes of falling labour share in OECD and non-OECD countries since the 1980s. The results show that export and volatility are key drivers in OECD countries, but in non-OECD countries, the significant factors are financial openness and the capital’s relative price.

Keywords: Elasticity of substitution; Financial openness; Labour share; Trade; Volatility (search for similar items in EconPapers)
JEL-codes: E25 F66 O33 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-mac
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Related works:
Journal Article: The decline of labour share in OECD and non-OECD since the 1980s (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110838

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