What is the Impact of Investment on Labor Income?

This study investigates empirically the determinants of labor shares focusing on the role of investment and exchange rate volatility. The authors use a system GMM panel approach and consider 34 Organization for Economic Co-operation and Development...

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Main Authors:	Chortareas, Georgios, Noikokyris, Emmanouil
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	LABOR MARKET INVESTMENT MARGINAL PRODUCT OF CAPITAL GROSS FIXED CAPITAL FORMATION MARGINAL PRODUCT OF LABOR TECHNOLOGICAL CHANGE INCOME DISTRIBUTION
Online Access:	http://documents.worldbank.org/curated/en/762081529306116899/What-is-the-impact-of-investment-on-labor-income-background-note-for-the-South-Africa-systematic-country-diagnostic http://hdl.handle.net/10986/30033

id	okr-10986-30033
recordtype	oai_dc
spelling	okr-10986-300332021-05-25T09:15:35Z What is the Impact of Investment on Labor Income? Chortareas, Georgios Noikokyris, Emmanouil LABOR MARKET INVESTMENT MARGINAL PRODUCT OF CAPITAL GROSS FIXED CAPITAL FORMATION MARGINAL PRODUCT OF LABOR TECHNOLOGICAL CHANGE INCOME DISTRIBUTION This study investigates empirically the determinants of labor shares focusing on the role of investment and exchange rate volatility. The authors use a system GMM panel approach and consider 34 Organization for Economic Co-operation and Development (OECD) countries along with South Africa for the period 1995-2015. The authors results reveal that the level of a country’s investment is a significant factor driving changes in the labor share of income. This evidence is in line with the theoretical mechanism for the role of investment presented by Lawrence (2015). While the authors consider several other factors, suggested by the extant empirical literature, the authors only find evidence for the degree of a country’s exposure to the international financial system, which is inversely related with labor shares. This study is a background note for the South Africa systematic country diagnostic. 2018-07-18T14:23:35Z 2018-07-18T14:23:35Z 2018-06 Working Paper http://documents.worldbank.org/curated/en/762081529306116899/What-is-the-impact-of-investment-on-labor-income-background-note-for-the-South-Africa-systematic-country-diagnostic http://hdl.handle.net/10986/30033 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa South Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	LABOR MARKET INVESTMENT MARGINAL PRODUCT OF CAPITAL GROSS FIXED CAPITAL FORMATION MARGINAL PRODUCT OF LABOR TECHNOLOGICAL CHANGE INCOME DISTRIBUTION
spellingShingle	LABOR MARKET INVESTMENT MARGINAL PRODUCT OF CAPITAL GROSS FIXED CAPITAL FORMATION MARGINAL PRODUCT OF LABOR TECHNOLOGICAL CHANGE INCOME DISTRIBUTION Chortareas, Georgios Noikokyris, Emmanouil What is the Impact of Investment on Labor Income?
geographic_facet	Africa South Africa
description	This study investigates empirically the determinants of labor shares focusing on the role of investment and exchange rate volatility. The authors use a system GMM panel approach and consider 34 Organization for Economic Co-operation and Development (OECD) countries along with South Africa for the period 1995-2015. The authors results reveal that the level of a country’s investment is a significant factor driving changes in the labor share of income. This evidence is in line with the theoretical mechanism for the role of investment presented by Lawrence (2015). While the authors consider several other factors, suggested by the extant empirical literature, the authors only find evidence for the degree of a country’s exposure to the international financial system, which is inversely related with labor shares. This study is a background note for the South Africa systematic country diagnostic.
format	Working Paper
author	Chortareas, Georgios Noikokyris, Emmanouil
author_facet	Chortareas, Georgios Noikokyris, Emmanouil
author_sort	Chortareas, Georgios
title	What is the Impact of Investment on Labor Income?
title_short	What is the Impact of Investment on Labor Income?
title_full	What is the Impact of Investment on Labor Income?
title_fullStr	What is the Impact of Investment on Labor Income?
title_full_unstemmed	What is the Impact of Investment on Labor Income?
title_sort	what is the impact of investment on labor income?
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/762081529306116899/What-is-the-impact-of-investment-on-labor-income-background-note-for-the-South-Africa-systematic-country-diagnostic http://hdl.handle.net/10986/30033
_version_	1764470923453267968

What is the Impact of Investment on Labor Income?

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