Abstract
This study discusses the factors of influence on labor share decline in Taiwan from the aspect of technological change, globalization, bargaining power and financialization. This study uses the capital-labor ratio, openness, union density, unemployment benefit generosity, unemployment rate, foreign direct investment, inward direct investment and derivative financial asset as the variables for technological change, globalization, bargaining power and financialization based on the quarterly data during 1999 to 2013. The analysis is performed by means of the method of the ordinary least squares (OLS). The empirical results show that all the variables have influence on labor share except union density and FDI. Therefore, we should carry out significant reforms in fiscal policy, financial market policy and labor market policy in order to balance the situation with uneven labor share.
| Original language | English |
|---|---|
| Pages (from-to) | 336-347 |
| Number of pages | 12 |
| Journal | Actual Problems of Economics |
| Volume | 166 |
| Issue number | 4 |
| Publication status | Published - 2015 Jan 1 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Cite this
}
Factors influence on labor share decline. / Chang, Chia-Jen; Chung, Chia Jung.
In: Actual Problems of Economics, Vol. 166, No. 4, 01.01.2015, p. 336-347.Research output: Contribution to journal › Article
TY - JOUR
T1 - Factors influence on labor share decline
AU - Chang, Chia-Jen
AU - Chung, Chia Jung
PY - 2015/1/1
Y1 - 2015/1/1
N2 - This study discusses the factors of influence on labor share decline in Taiwan from the aspect of technological change, globalization, bargaining power and financialization. This study uses the capital-labor ratio, openness, union density, unemployment benefit generosity, unemployment rate, foreign direct investment, inward direct investment and derivative financial asset as the variables for technological change, globalization, bargaining power and financialization based on the quarterly data during 1999 to 2013. The analysis is performed by means of the method of the ordinary least squares (OLS). The empirical results show that all the variables have influence on labor share except union density and FDI. Therefore, we should carry out significant reforms in fiscal policy, financial market policy and labor market policy in order to balance the situation with uneven labor share.
AB - This study discusses the factors of influence on labor share decline in Taiwan from the aspect of technological change, globalization, bargaining power and financialization. This study uses the capital-labor ratio, openness, union density, unemployment benefit generosity, unemployment rate, foreign direct investment, inward direct investment and derivative financial asset as the variables for technological change, globalization, bargaining power and financialization based on the quarterly data during 1999 to 2013. The analysis is performed by means of the method of the ordinary least squares (OLS). The empirical results show that all the variables have influence on labor share except union density and FDI. Therefore, we should carry out significant reforms in fiscal policy, financial market policy and labor market policy in order to balance the situation with uneven labor share.
UR - http://www.scopus.com/inward/record.url?scp=84941349870&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84941349870&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84941349870
VL - 166
SP - 336
EP - 347
JO - Actual Problems of Economics
JF - Actual Problems of Economics
SN - 1993-6788
IS - 4
ER -