Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The firms behind the labor share: evidence from Danish micro data |
| Organization Unit | |
| Authors |
|
| Language |
|
| Institution | The Rockwool Foundation Research Unit |
| Series Name | Study paper / The Rockwool Foundation Research Unit |
| Number | 173 |
| Number of Pages | 80 |
| Date | 2022 |
| Abstract Text | We establish a sizable shift in the individual labor shares of Danish firms since 1999. Whereas the mean and median labor shares have increased by around 5 points, the labor share of the largest firms is much lower today, in particular the labor share of manual workers. A substantial part of this is driven by the top 1 per cent of firms that have grown substantially bigger. The main driver of this is an increase in markups, though large firms have become more capital intensive during the period. We show that investments in capital and R&D predict declines in the labor share. Though offshoring activities have impacted the labor share it is not a strong quantitative driver of the results. We show that these changes tie strongly to the firms' export behavior: Large firms with lower labor share scale up value of exports, though not number of destinations nor product category. The increase in value comes predominantly from increases in quantity. |
| Official URL | https://en.rockwoolfonden.dk/publications/the-firms-behind-the-labor-share-evidence-from-danish-micro-data/ |
| Other Identification Number | merlin-id:23302 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|