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020 _a9789819709304
_9978-981-97-0930-4
024 7 _a10.1007/978-981-97-0930-4
_2doi
050 4 _aHC94-1085.2
072 7 _aKC
_2bicssc
072 7 _aBUS035000
_2bisacsh
072 7 _aKC
_2thema
245 1 0 _aStructural Change, Market Concentration, and Inequality
_h[electronic resource] :
_bA Multi-sector Analysis /
_cedited by Yasuyuki Osumi.
250 _a1st ed. 2024.
264 1 _aSingapore :
_bSpringer Nature Singapore :
_bImprint: Springer,
_c2024.
300 _aXI, 170 p. 33 illus., 11 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aChapter 1: Introduction -- Part 1 Structural Change and Inequalities -- Chapter 2: “Structural Change, Service Sector Features, and Aggregate Elasticity of Substitution” Yasuyuki Osumi -- Chapter 3: “Structural Change and Evolution of Top Wealth: American Forbes 400 lists, 1990 – 2020” Atsushi Miyake and Yasuyuki Osumi -- Chapter 4: “Towards a Theory of the Labor’s Share Fall: A Dynamic Model of the “Superstar” Harutaka Takahashi -- Part 2 Artificial Intelligence and Labor Share -- Chapter 5: “Robotics, Skill-Biased Technology, and Labor Shares: A Four-Factor Case” Yasuyuki Osumi -- Chapter 6: “Automation, Tasks, and Labor Share” Kazunobu Muro -- Chapter 7: “Impact of ICT Capital on Labor Share: Evidence from Japanese Service Sectors” Kazuyuki Inagaki -- Part 3 Market Concentration and Inequality -- Chapter 8: “Automation, Goods and Labor Market Imperfections, and Labor Share” Kazunobu Muro -- Chapter 9: “Increasing Returns to Scale and Declining Labor Share in the Information Economy” AtsushiMiyake -- Chapter 10: “Firm Size, Rate of Return on Capital, and Increasing Returns to Scale: The Japanese Financial and Information Communication Service Sectors” Atsushi Miyake and Yasuyuki Osumi.
520 _aThis book clarifies the mechanism of widening income inequality and declining labor share in macroeconomics, growth, technology, and the labor market, and provides policy implications. The volume covers three research themes: the influence of structural change, the advancement of artificial intelligence, and the phenomena of market concentration on inequalities and labor share dynamics in theory and empirics. The wide array of theoretical topics in this book includes the implications of unbalanced growth, economy-wide elasticity of substitution between capital and labor, relatively rising service sectors, superstar firm phenomena, automation, the heterogeneity of capital, increasing returns to scale, and the information and financial service sectors on inequalities and labor share decline. These analyses are based on multifactor, multisector general equilibrium, the goods market, and the labor market’s imperfectly competitive framework. In addition, the book covers the relevant empirical data analyses that involve top wealth dynamics in the U.S. Forbes 400, the effect of deepening ICT capital on the labor share in major Japanese industries, and the emergence of increasing returns to scale in the Japanese information and financial sectors.
650 0 _aEconomic history.
_957506
650 0 _aSocial structure.
650 0 _aEquality.
_959823
650 0 _aIndustrial organization.
_957885
650 0 _aMacroeconomics.
650 0 _aEconomic development.
_958075
650 0 _aLabor economics.
650 1 4 _aEconomy-wide Country Studies.
_968080
650 2 4 _aSocial Structure.
650 2 4 _aIndustrial Organization.
_957885
650 2 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aEconomic Growth.
_958347
650 2 4 _aLabor Economics.
700 1 _aOsumi, Yasuyuki.
_eeditor.
_4edt
_4http://id.loc.gov/vocabulary/relators/edt
_980150
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9789819709298
776 0 8 _iPrinted edition:
_z9789819709311
776 0 8 _iPrinted edition:
_z9789819709328
856 4 0 _uhttps://doi.org/10.1007/978-981-97-0930-4
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c61402
_d61402