Capitalism and Labor Shares: A Cross-Country Panel Study
Capitalism and Labor Shares: A Cross-Country Panel Study
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资本主义与劳动份额：跨国小组研究
DOI：
10.2139/ssrn.2205786
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发表时间：
2013
期刊：
影响因子：
--
通讯作者：
R. Lawson
中科院分区：
文献类型：
--
作者：
A. Young;R. Lawson
我们在一个涵盖1970年至2009年的93个国家的面板中研究了经济自由制度与劳动力份额之间的经验关系。我们发现，弗雷泽研究所的世界经济自由度（EFW）得分的标准差增加与一个国家的劳动力份额增加约1/3的标准差有关。从我们面板中的样本平均劳动力份额开始，这相当于约4.26个百分点。这种关系对于单独考虑经合组织和非经合组织样本是稳健的。它也是（定性和定量）强大的控制人力资本水平，劳动生产率，工会密度和国际经济流动的差异。将EFW分解为各个组成部分，信贷，商业和劳动力的监管似乎是EFW-劳动力份额正关系的最重要来源。
We examine the empirical relationship between the institutions of economic freedom and labor shares in a panel of up to 93 countries covering 1970 through 2009. We find that a standard deviation increase in the Fraser Institute's Economic Freedom of the World (EFW) score is associated with about a 1/3 standard deviation increase in a country's labor share. Starting from the sample mean labor share in our panel, this amounts to about 4.26percentage points. This relationship is robust to considering OECD and non-OECD samples separately. It is also (both qualitatively and quantitatively) robust to controlling for differences in human capital levels, labor productivity, trade union density, and international economic flows. Breaking the EFW into its individual component areas, the regulation of credit, business and labor appears to be the most important source of the positive EFW–labor share relationship.