Finance, Labour, Capital, and International Integration

Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates such theoretical insights with a simple model, and reviews evidence of their empirical relevance generated by international economic, monetary, and financial integration.

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Year of publication:	2016
Authors:	Bertola, Giuseppe
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)

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Series:	CESifo Working Paper ; 5820
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	855355689 [GVK] hdl:10419/130448 [Handle] RePec:ces:ceswps:_5820 [RePEc]
Classification:	D33 - Factor Income Distribution
Source:	EconStor

Persistent link: https://www.econbiz.de/10011451441