Daniel Schäfer,
"Development and Sector Labor Income Shares"
, Serie Working Papers of the Department of Economics at JKU Linz, 5-2024
Original Titel:
Development and Sector Labor Income Shares
Sprache des Titels:
Englisch
Original Kurzfassung:
The development accounting literature assumes that sector labor income shares and output per person across countries are not correlated. In this paper, I show that the data reject this assumption for a large set of countries. The labor shares in the manufacturing and the market-services sectors increase significantly more with output per person than in other sectors, leading to a shift of labor income across sectors with economic development. The empirical evidence suggests that capital deepening is the primary driver of these patterns. Researchers can directly use the new dataset of labor shares to calibrate multisector models.
Sprache der Kurzfassung:
Englisch
Serie:
Working Papers of the Department of Economics at JKU Linz
Forschungs-