skip to content
What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data. Preview this item
ClosePreview this item
Checking...

What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.

Author: Yasser Abdih; Stephan Danninger
Publisher: Washington, D.C. : International Monetary Fund, 2017.
Series: IMF working paper, No. 17/167.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data set on the task characteristics of occupations, the U.S. input-output tables, and the Current Population Survey, we  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Abdih, Yasser.
What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
Washington, D.C. : International Monetary Fund, ©2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Yasser Abdih; Stephan Danninger
ISBN: 9781484312995 1484312996 1484311000 9781484311004
ISSN:1018-5941
OCLC Number: 1001372306
Description: 1 online resource (27 pages)
Contents: Cover; Table of Contents; Abstract; I. Introduction; II. Concepts and Measurement; A. Technology: Routinizability of Occupations; B. International Factors; C. Institutional Factors: Unionization; III. Key Drivers: Data; IV. Empirical Results; A. Shift-Share Analysis; B. Econometric Analysis; C. Robustness Checks; V. Conclusion and Policy Implications; References; Figures; 1. Labor Share: Overall and Corporate Sector; 2. Labor Share by State: Change 2001-2001; 3. Labor Share by Industry: Median Change Across States; 4. U.S. Labor Share and Income Inequality: 1967-2015. 5. Labor Share Drivers by Industry: Median Across States6. Labor Share Decline: Shift-Share, 2001-14; 7. Within Labor Share Decline: Contributions-Baseline; 8. Within Labor Share Decline: Contributions I; 9. Within Labor Share Decline: Contributions II; 10. Within Labor Share Decline: Contributions III; Tables; 1. NAICS Industry Codes; 2. Modeling the Change in Routinization and Offshorability, 2001-14; 3. Modeling the Change in the Labor Share; 4. Modeling the Change in the Labor Share: Robustness Checks I; 5. Modeling the Change in the Labor Share: Robustness Checks II. 6. Modeling the Change in the Labor Share: Robustness Checks IIIAppendix; I. Variable Construction.
Series Title: IMF working paper, No. 17/167.

Abstract:

The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data set on the task characteristics of occupations, the U.S. input-output tables, and the Current Population Survey, we find that in addition to changes in labor institutions, technological change and different forms of trade integration lowered the labor share. In particular, the fall was largest, on average, in industries that saw: a high initial intensity of "routinizable" occupations; steep declines in unionization; a high level of competition from imports; and a high intensity of foreign input usage. Quantitatively, we find that the bulk of the effect comes from changes in technology that are linked to the automation of routine tasks, followed by trade globalization.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1001372306> # What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
    a schema:Book, schema:CreativeWork, schema:MediaObject, schema:PublicationVolume ;
    library:oclcnum "1001372306" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/4465560633#Place/washington_d_c> ; # Washington, D.C.
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/4465560633#Topic/emerging_markets> ; # Emerging Markets
    schema:about <http://experiment.worldcat.org/entity/work/data/4465560633#Topic/aggregate_factor_income_distribution> ; # Aggregate Factor Income Distribution
    schema:about <http://experiment.worldcat.org/entity/work/data/4465560633#Topic/developed_countries> ; # Developed Countries
    schema:about <http://experiment.worldcat.org/entity/work/data/4465560633#Topic/developing_countries> ; # Developing Countries
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/4465560633#Person/danninger_stephan> ; # Stephan Danninger
    schema:creator <http://experiment.worldcat.org/entity/work/data/4465560633#Person/abdih_yasser> ; # Yasser Abdih
    schema:datePublished "2017" ;
    schema:description "Cover; Table of Contents; Abstract; I. Introduction; II. Concepts and Measurement; A. Technology: Routinizability of Occupations; B. International Factors; C. Institutional Factors: Unionization; III. Key Drivers: Data; IV. Empirical Results; A. Shift-Share Analysis; B. Econometric Analysis; C. Robustness Checks; V. Conclusion and Policy Implications; References; Figures; 1. Labor Share: Overall and Corporate Sector; 2. Labor Share by State: Change 2001-2001; 3. Labor Share by Industry: Median Change Across States; 4. U.S. Labor Share and Income Inequality: 1967-2015."@en ;
    schema:description "The U.S. labor share of income has been on a secular downward trajectory since the beginning of the new millennium. Using data that are disaggregated across both state and industry, we show the decline in the labor share is broad-based but the extent of the fall varies greatly. Exploiting a new data set on the task characteristics of occupations, the U.S. input-output tables, and the Current Population Survey, we find that in addition to changes in labor institutions, technological change and different forms of trade integration lowered the labor share. In particular, the fall was largest, on average, in industries that saw: a high initial intensity of "routinizable" occupations; steep declines in unionization; a high level of competition from imports; and a high intensity of foreign input usage. Quantitatively, we find that the bulk of the effect comes from changes in technology that are linked to the automation of routine tasks, followed by trade globalization."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/4465560633> ;
    schema:genre "Electronic books"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/4465560633#Series/imf_working_papers> ; # IMF Working Papers
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/4465560633#Series/imf_working_paper> ; # IMF working paper ;
    schema:isPartOf <http://worldcat.org/issn/1018-5941> ;
    schema:isSimilarTo <http://worldcat.org/entity/work/data/4465560633#CreativeWork/what_explains_the_decline_of_the_u_s_labor_share_of_income_an_analysis_of_state_and_industry_level_data> ;
    schema:name "What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data."@en ;
    schema:productID "1001372306" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1001372306#PublicationEvent/washington_d_c_international_monetary_fund_2017> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/4465560633#Agent/international_monetary_fund> ; # International Monetary Fund
    schema:url <http://proxy.library.carleton.ca/login?url=http://elibrary.imf.org/view/IMF001/24457-9781484311004/24457-9781484311004/24457-9781484311004.xml> ;
    schema:url <http://public.ebookcentral.proquest.com/choice/publicfullrecord.aspx?p=4978919> ;
    schema:url <https://login.proxy.bib.uottawa.ca/login?url=http://elibrary.imf.org/view/IMF001/24457-9781484311004/24457-9781484311004/24457-9781484311004.xml> ;
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=4978919> ;
    schema:workExample <http://worldcat.org/isbn/9781484311004> ;
    schema:workExample <http://worldcat.org/isbn/9781484312995> ;
    schema:workExample <http://dx.doi.org/10.5089/9781484311004.001> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1001372306> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/4465560633#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
    schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Person/abdih_yasser> # Yasser Abdih
    a schema:Person ;
    schema:familyName "Abdih" ;
    schema:givenName "Yasser" ;
    schema:name "Yasser Abdih" ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Person/danninger_stephan> # Stephan Danninger
    a schema:Person ;
    schema:familyName "Danninger" ;
    schema:givenName "Stephan" ;
    schema:name "Stephan Danninger" ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
    schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Series/imf_working_paper> # IMF working paper ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1001372306> ; # What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
    schema:name "IMF working paper ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Series/imf_working_papers> # IMF Working Papers
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1001372306> ; # What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
    schema:name "IMF Working Papers" ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Topic/aggregate_factor_income_distribution> # Aggregate Factor Income Distribution
    a schema:Intangible ;
    schema:name "Aggregate Factor Income Distribution"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Topic/developed_countries> # Developed Countries
    a schema:Intangible ;
    schema:name "Developed Countries"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4465560633#Topic/developing_countries> # Developing Countries
    a schema:Intangible ;
    schema:name "Developing Countries"@en ;
    .

<http://worldcat.org/entity/work/data/4465560633#CreativeWork/what_explains_the_decline_of_the_u_s_labor_share_of_income_an_analysis_of_state_and_industry_level_data>
    a schema:CreativeWork ;
    rdfs:label "What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/1001372306> ; # What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
    .

<http://worldcat.org/isbn/9781484311004>
    a schema:ProductModel ;
    schema:isbn "1484311000" ;
    schema:isbn "9781484311004" ;
    .

<http://worldcat.org/isbn/9781484312995>
    a schema:ProductModel ;
    schema:isbn "1484312996" ;
    schema:isbn "9781484312995" ;
    .

<http://worldcat.org/issn/1018-5941>
    a schema:Periodical ;
    schema:issn "1018-5941" ;
    .

<http://www.worldcat.org/title/-/oclc/1001372306>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1001372306> ; # What Explains the Decline of the U.S. Labor Share of Income? An Analysis of State and Industry Level Data.
    schema:dateModified "2018-10-06" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.