Fiche du document
2019
- handle: 10670/1.6orkl7
- doi: 10.24187/ecostat.2019.510t.1992
Copyright PERSEE 2003-2023. Works reproduced on the PERSEE website are protected by the general rules of the Code of Intellectual Property. For strictly private, scientific or teaching purposes excluding all commercial use, reproduction and communication to the public of this document is permitted on condition that its origin and copyright are clearly mentionned.
Sujets proches
Businesses Firms Companies Enterprises Business organizations Organizations, BusinessCiter ce document
Mathilde Pak et al., « Labour Share Developments in OECD Countries Over the Past Two Decades », Economie et Statistique, ID : 10.24187/ecostat.2019.510t.1992
Métriques
Partage / Export
Résumé
Over the past two decades, real wage growth in many OECD countries has decoupled from labour productivity growth, as labour income shares have declined. This paper analyses the drivers of labour share developments using a combination of industry-and firm-level data. Technological change in the investment goods-producing sector and greater global value chain participation have compressed labour shares, but the effect of technological change has been significantly less pronounced for high-skilled workers. Countries with falling labour shares have witnessed both a decline at the technological frontier and a reallocation of market shares toward “superstar” firms with low labour shares. The decline at the technological frontier mainly reflects the entry of firms with low labour shares into the frontier rather than a decline of labour shares in incumbent frontier firms, suggesting that thus far this process is mainly explained by technological dynamism rather than anti-competitive forces.