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Inequality and employment sensitivities to the falling labour share

Karanassou, Marika; Sala, Hector - 2011

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

Persistent link: https://www.econbiz.de/10009309510

How Americans viewed their lives in 2005

Blendon, Robert J.; Benson, John - In: Challenge 49 (2006) 3, pp. 48-67

Persistent link: https://www.econbiz.de/10003328235

Productivity growth and the Phillips curve : a reassessment of the US experience

Karanassou, Marika; Sala, Hector - 2009

In this paper we analyse a new Phillips curve (NPC) model and demonstrate that (i) frictional growth, i.e. the interplay of wage-staggering and money growth, generates a nonvertical NPC in the long-run, and (ii) the Phillips curve (PC) shifts with productivity growth. On this basis we estimate a...

Persistent link: https://www.econbiz.de/10003879334

How Americans view their lives

Blendon, Robert J.; Benson, John - In: Challenge 50 (2007) 3, pp. 5-25

Persistent link: https://www.econbiz.de/10003489993

Public opinion, the deep recession, and the 2010 elections

Blendon, Robert J.; Benson, John - In: Challenge 53 (2010) 5, pp. 14-33

Persistent link: https://www.econbiz.de/10008729453

Oil price shocks and labor market fluctuations

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2010

We examine the impact of real oil price shocks on labor market flows in the US We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...

Persistent link: https://www.econbiz.de/10008779924

The evolution of inflation and unemployment : explaining the roaring nineties

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from the interplay between growth and frictions. In particular, we examine the interaction between money growth (on the one hand) and various real and nominal...

Persistent link: https://www.econbiz.de/10003586564

Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2013

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...

Persistent link: https://www.econbiz.de/10009717716

Investment crowding-out and labor market effects of financialization in the US

González, Ignacio; Sala, Hector - 2013

This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization appears as a key determinant of capital accumulation which,...

Persistent link: https://www.econbiz.de/10009721371

Americans worry : how they view their lives in an economic downturn

Blendon, Robert J.; Benson, John - In: Challenge 51 (2008) 3, pp. 5-26

Persistent link: https://www.econbiz.de/10003722249