<p>The labor income share serves as a pivotal measure for assessing how the outcomes of economic development are distributed between labor and capital, with its fluctuations directly shaping the overall income distribution pattern and social equity. This paper employs uncertain regression models to study the relationship between labor income share and four indicators, including trade openness, financial development, government intervention and industrial structure. In addition, examination of the residual plot’s features clarifies the preference for uncertain regression models over probabilistic ones.</p>

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Analysis of labor income share in China with uncertain regression model

  • Tingqing Ye

摘要

The labor income share serves as a pivotal measure for assessing how the outcomes of economic development are distributed between labor and capital, with its fluctuations directly shaping the overall income distribution pattern and social equity. This paper employs uncertain regression models to study the relationship between labor income share and four indicators, including trade openness, financial development, government intervention and industrial structure. In addition, examination of the residual plot’s features clarifies the preference for uncertain regression models over probabilistic ones.