01872cas a2200277 a 4500 AALejournalIMF017819 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484311042 1018-5941 BD-DhAAL BD-DhAAL Dao, Mai Chi. Why Is Labor Receiving a Smaller Share of Global Income? : Theory and Empirical Evidence / Mai Chi Dao, Mitali Das, Zsoka Koczan, Weicheng Lian. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (70 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with varying exposure to routine occupations, explains about half the overall decline in advanced economies, with a larger negative impact on middle-skilled workers. In emerging markets, the labor share evolution is explained predominantly by global integration, particularly the expansion of global value chains that contributed to raising the overall capital intensity in production. Mode of access: Internet Das, Mitali. Koczan, Zsoka. Lian, Weicheng. IMF Working Papers; Working Paper ; No. 2017/169 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/169/001.2017.issue-169-en.xml IMF e-Library