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Technical Progress and the Share of Labor Income

dc.contributor.authorXun Zhang
dc.contributor.authorChen Wang
dc.contributor.authorGuanghua Wan
dc.contributor.authorZhi Luo
dc.description.abstractChanges in the labor share of national income affect inequality (Piketty 2014). This paper aims at investigating the relationship between the labor share and technical progress, based on provincial data of the People’s Republic of China (PRC) from 1978 to 2012. Our main empirical results show that technical progress in the PRC had been mostly capital biased, contributing to the fast rises in income inequality in the PRC. However, the employment proportion of state-owned enterprises seems to have played a role in offsetting this negative effect, helping contain inequality. In recent years, both effects have become more significant and larger in absolute terms.
dc.publisherAsian Development Bank Institute
dc.titleTechnical Progress and the Share of Labor Income
dc.typeWorking Papers
dc.subject.expertPoverty Analysis
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Reduction Strategy
dc.subject.expertExtreme Poverty
dc.subject.expertEconomic development
dc.subject.expertGrowth And Poverty
dc.subject.expertMacroeconomic Analysis
dc.subject.expertMacroeconomic Framework
dc.subject.expertMacroeconomic Models
dc.subject.expertMacroeconomic Performance
dc.subject.expertMacroeconomic Planning
dc.subject.expertMacroeconomic Policies
dc.subject.expertMacroeconomic Reform
dc.subject.expertMacroeconomic Stabilization
dc.subject.adbIncome Distribution
dc.subject.adbDemographic Indicators
dc.subject.adbSocial Justice
dc.subject.adbPrice stabilization
dc.subject.adbFood prices
dc.subject.adbPrice policy
dc.subject.adbDevelopment Indicators
dc.subject.adbEnvironmental Indicators
dc.subject.adbEconomic Indicators
dc.subject.adbEducational Indicators
dc.subject.adbDemographic Indicators
dc.subject.adbHealth Indicators
dc.subject.adbDisadvantaged Groups
dc.subject.adbLow Income Groups
dc.subject.adbSocially Disadvantaged Children
dc.subject.naturalSocial change
dc.subject.naturalSocial accounting
dc.subject.naturalInequality of income
dc.subject.naturalEconomic growth
dc.subject.naturalQuality of Life
dc.subject.naturalOpen price system
dc.subject.naturalPrice fixing
dc.subject.naturalPrice regulation
dc.subject.naturalConsumer price indexes
dc.title.seriesADBI Working Paper Series
dc.title.volumeNo. 672
dc.contributor.imprintAsian Development Bank Institute
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.authorZhang, Xun
oar.authorWang, Chen
oar.authorWan, Guanghua
oar.authorLuo, Zhi

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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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