Labors Share of Income
Labors Share of Income
Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9789811001727
Condition
New
Product Description
This book analyzes the decrease in labor share in China, which is a ratio of national income distribution to capital at three different levels (macro, meso, and micro) and from three different perspectives (growth, transition and opening up).The worsening income distribution has been a key issue for both Chinese and global economies in recent decades.The book shows that the decrease in labor share is closely related to economic growth, increasing extent of globalization, and firms with heterogeneous characteristics. Moreover, the bookexplains income inequality in detail, focusing on Chinas increasingly important and emerging economy.
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