Labor's Share of Income (eBook)

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 book explains income inequality in detail, focusing on China's increasingly important and emerging economy.

Minghai Zhou is currently an assistant professor in School of Economics, University of Nottingham Ningbo China after working as a post doctor at College of Administration, Zhejiang University. He got his Ph.D. degree in Economics at College of Economics, Zhejiang University in 2011. His major interests are labor economics, development economics and international economics, specific topics include income distribution, CEO labor markets, outward FDI and some topics of institutional economics based on China's context. He received two state-level funds from National Social Science Foundation of China (NSSFC) and National Natural Science Foundation of China (NSFC), and one ministry-level fund from Education Ministry of China and joined many other national and provincial level funds in China. His research works has been published in world leading international journals in Economics such as The Economic Journal, The World Economy, China Economic Review, and also in top Chinese academic journals such as Management World, China Industrial Economics, and Chinese Journal of Population Science. His Ph.D. dissertation won the Best Graduate Dissertation Award of Zhejiang Province in 2011 and Nomination of National Excellent Doctoral Dissertations in 2013.

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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 book explains income inequality in detail, focusing on China's increasingly important and emerging economy.