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I develop an extension of the neoclassical growth model in which firms are heterogeneous both in terms of labor share and productivity. In this model, distortions in the allocation of resources across firms can impact the labor share of national income. Using administrative firm-level data to...
Persistent link: https://www.econbiz.de/10013249735
In France and in Germany, the labour share income has recorded during the last thirty years some strong fluctuations. Those fluctuations could be linked to movements in price wedge and in interest rate and to increasing unemployment rate. After a theoretical examination of labour share income...
Persistent link: https://www.econbiz.de/10014187523
This study explores the factors driving the observed movements of the profit share in several major industrialised countries (France, Germany, United States, United Kingdom and Japan) over the period 1970-2000. Within the group of countries we study, both the level and the fluctuations of the...
Persistent link: https://www.econbiz.de/10013134960
, capital and labour. Finally, the cross-country-industry analysis makes it possible to estimate more complex relations than at …-competitive regulations are associated with a very significant rise in rent size. Concerning the rent sharing step, the capital share in value … existence of three destinations for rents (labour remuneration, capital remuneration and upstream industries). They also show …
Persistent link: https://www.econbiz.de/10013109069
the wage bill, penalises employment, by increasing labor costs and consequently encouraging firms to substitute capital … for labor. Broadening this basis by incorporating some elements of capital income is sometimes presented as an alternative …
Persistent link: https://www.econbiz.de/10014187487
Standard practice for the estimation of dynamic stochastic general equilibrium (DSGE) models maintains the assumption that economic variables are properly measured by a single indicator, and that all relevant information for the estimation is summarized by a small number of data series. However,...
Persistent link: https://www.econbiz.de/10013132673
financial intermediation rate in France over the period concerned, characterised by the strong growth of capital markets and the …
Persistent link: https://www.econbiz.de/10013106557
decades, because the usual tax-based series miss a rising part of capital income. Growth incidence curves look dramatically …
Persistent link: https://www.econbiz.de/10012921251
While official statistics provide lagged and aggregate information on the housing market, extensive information is available publicly on real-estate websites. By web scraping them for the UK on a daily basis, this paper extracts a large database from which we build timelier and highly granular...
Persistent link: https://www.econbiz.de/10013214083
Taking advantage of an original firm-level survey carried out by the Banque de France, we empirically investigate how the employment of ICT specialists (in-house and external) and the use of digital technologies (cloud and big data) have an impact on firm productivity and labor share. Our...
Persistent link: https://www.econbiz.de/10014090487