Capital's Grabbing Hand? A Cross-Country/Cross‑Industry Analysis of the Decline of the Labour Share
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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We examine the determinants of the within-industry decline of the labour share, using industry-level annual data for 25 OECD countries, 20 business-sector industries and covering up to 28 years. We find that total factor productivity growth – which captures (albeit imprecisely) capital-augmenting or labour-replacing technical change – and capital...
