CHOI, Sekyu; RIOS-RULL, José-Víctor - In: Annales d'Economie et de Statistique (2009) 95-96, pp. 251-277
In this paper we explore the dynamics of the aggregate labor share for the US economy. We explore the extent to which a family of real business cycles models, where wages are not set competitively (tailored to replicate cyclical facts about the labor market), is capable of generating the...