Determinants of the Wage Share: A Panel Analysis of Advanced and Developing Economies
利用1970-2007年43个发展中与28个发达经济体的面板数据，分析技术变革、金融化、全球化和福利国家缩减对工资份额的影响，发现金融化和福利缩减有显著负效应，全球化对两类经济体均有负效应，技术变革影响较小且对发展中经济体为正。
Abstract Wage shares have declined substantially in all OECD countries and most developing economies since 1980. This study uses a new ILO/IILS dataset on adjusted wage shares for a panel of up to 43 developing and 28 advanced economies (1970–2007) to explain changes in wage shares and assess the relative contributions of technological change, financialization, globalization and welfare state retrenchment. We find strong negative effects of financialization as well as negative effects of welfare state retrenchment. Globalization has (in production) robust negative effects in advanced as well as in developing economies, which is at odds with the Stolper–Samuelson theorem. We find small, and for developing countries positive effects of technological change. Our results support a Political Economy approach to explaining income distribution.