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The decline of labour share in OECD and non-OECD since the 1980s

Kheng, Veasna and Mckinley, Justin and Pan, Lei (2021): The decline of labour share in OECD and non-OECD since the 1980s.

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Abstract

This paper examines the causes of falling labour share in OECD and non-OECD countries since the 1980s. The results show that export and volatility are key drivers in OECD countries, but in non-OECD countries, the significant factors are financial openness and the capital’s relative price.

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