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Globalization, Structural Transformation, and the Labor Income Share

In: Labor Income Share in Asia

Author

Listed:
  • Ken Suzuki

    (Asian Development Bank Institute)

  • Yoko Oishi

    (Asian Development Bank Institute)

  • Saumik Paul

    (Asian Development Bank Institute)

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.

Suggested Citation

  • Ken Suzuki & Yoko Oishi & Saumik Paul, 2019. "Globalization, Structural Transformation, and the Labor Income Share," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 103-150, Springer.
    • Handle: RePEc:spr:adbchp:978-981-13-7803-4_5
    DOI: 10.1007/978-981-13-7803-4_5
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    Cited by:

    1. Raihan, Selim, 2021. "Functional Income Distribution and Inequality in the Asia-Pacific Countries," MPRA Paper 110469, University Library of Munich, Germany.

    More about this item

    Keywords

    Labor income share; Structural transformation; Globalization;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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