In this paper, we try to find some general rules and the structural factors that cause a fall in labor economic growth in countries all over the world, the by a U-shaped curve in which the tuming point is for labor sh...In this paper, we try to find some general rules and the structural factors that cause a fall in labor economic growth in countries all over the world, the by a U-shaped curve in which the tuming point is for labor share in primary distribution share. We show that, in the process of evolution of labor share is characterized $6,000 per capita GDP （in PPP, 2000）. We develop a model to explain this phenomenon that provides an in-depth explanation for Kuznets＇ inverted U hypothesis. Our findings indicate that the evolution of China＇s labor share is basically consistent with the model we have constructed. In addition, sectoral composition and the relative bargaining power of labor are also factors influencing labor share. These findings imply that labor share of primary distribution in China may enter an upward trajectory over the next two years. This process may be accelerated by the central government＇s policies for dealing with global financial crisis and by structural adjustment.展开更多
基金This paper is one of the phased products of a joint research project undertaken in 2007 between the Micro-Group of the Institute of Economics, Chinese Academy of Social Sciences （CASS） and CCWE, Tsinghua University. The micro-data employed come from a survey of firms conducted by the Institute of Economics, CASS, in 2006. The authors gratefully acknowledge the support of the Ministry of Education＇s Cheung Kong Scholars Program and the National Natural Science Foundation （project number： 70473048）.
文摘In this paper, we try to find some general rules and the structural factors that cause a fall in labor economic growth in countries all over the world, the by a U-shaped curve in which the tuming point is for labor share in primary distribution share. We show that, in the process of evolution of labor share is characterized $6,000 per capita GDP （in PPP, 2000）. We develop a model to explain this phenomenon that provides an in-depth explanation for Kuznets＇ inverted U hypothesis. Our findings indicate that the evolution of China＇s labor share is basically consistent with the model we have constructed. In addition, sectoral composition and the relative bargaining power of labor are also factors influencing labor share. These findings imply that labor share of primary distribution in China may enter an upward trajectory over the next two years. This process may be accelerated by the central government＇s policies for dealing with global financial crisis and by structural adjustment.
