Globalization, creative destruction, and labour share change: evidence on the determinants and mechanisms from longitudinal plant-level data
利用芬兰制造业工厂三十年数据，分解劳动份额下降的机制，发现微观重组是劳动份额下降与生产率上升之间的纽带，而国际贸易增长是推动这些变化的关键因素。
The labour share of GDP has declined in recent decades in many leading economies. This paper examines the mechanisms of falling labour share using Finnish manufacturing plant-level data over three decades. Using a useful variant of the decomposition method, we make a distinction between the changes in the average plant and the micro-level restructuring. We show that micro-level restructuring is the link between the declining labour share and increasing productivity, and that increased international trade is a factor underlying those shifts.