Labor Income Share Understanding the Drivers of the Global Decline
This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distri
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Understanding the Drivers of the Global Decline s au m i k pau l
Labor Income Share
Saumik Paul
Labor Income Share Understanding the Drivers of the Global Decline
Saumik Paul Newcastle University London, UK
ISBN 978-981-15-6859-6 ISBN 978-981-15-6860-2 (eBook) https://doi.org/10.1007/978-981-15-6860-2 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Acknowledgments
This book is an outcome of roughly four years of work on labor income share. It would not have been completed without the support and contribution of many people. I sincerely thank Cristiano Perugini for introducing me to this topic. Cristiano was a visiting scholar at Hitotsubashi University back in 2017. I had a series of idle chats in between intense discussions with Cristiano and Kyoji Fukao that later helped me formulate the idea of writing this book. In 2018, the Asian Development Bank Institute hosted a conference on “Labor Income Share in Asia: Conceptual Issues, Drivers, and Policy Considerations.” The proceedings of this conference were published in 2019 as a book volume edited by Gary Fields and me. Working with Gary during this time has helped to shape up many parts of this book. I thank (in alphabetical order) Robert Chirinko, Mitali Das, Marta Guerriero, Kyoji Fukao, Dibyendu Maiti, Debdullal Mallick, Naoyuki Yoshino, and other conference participants at the Asian Development Bank Institute for their feedback on my work. Parts of Chaps. 4, 5, and 6 have been presented in various seminars and conferences. I am grateful for the
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